Catella Strengthens UK Presence by Signing a Conditioned Share Purchase Agreement to Acquire Majority Stake in APAM Ltd - Seite 2

"Catella Property Investment Management has continuously strengthened its competitive position over the last years and has experienced an annual cumulated growth rate (CAGR) in AUM of 23% and a CAGR of 43% the last three years. This transaction further strengthens our position." says Timo Nurminen, Head of Property Investment Management at Catella.

"We are impressed by the strong risk adjusted return APAM generates for its clients and are delighted to expand our offering for our clients in UK. Catella's clients, in particular our Asian office's, will be able to expand their pan-European allocation with a significant share allocated to the UK", says Timo Nurminen.

Simon Cooke, founding shareholder and executive director, said: "This transaction brings together two great names in property investment management and Catella's strategic investment provides us with an even stronger platform for growth. Will and I will continue to lead and drive the APAM business - it will be very much 'business as usual'. We have enjoyed building APAM over the last eight years and look forward to working with Catella to leverage the new opportunities that this partnership brings."

William Powell, founding shareholder and executive director, added: "Joining forces with Catella, marks the start of an exciting new chapter in APAM's development, providing our clients with access to best-in-class advisers across 14 countries and an even more extensive range of services. By combining our strengths, this strategic partnership delivers significant potential to grow our business and our international client base, as well as opportunities for our team."

In connection with the deal, CPFM and the two minority owners in APAM have entered into a call and put option agreement under which CPFM is being granted a call option to acquire the shares of the minority owners and the minority owners are being granted a put option to sell their shares to CPFM during the autumn 2023 at a price to be calculated through a pre-set formula depending on future profit development.

For more information, please contact:
Knut Pedersen
CEO
[phone] 
[e-mail]  

Timo Nurminen
Head of Property Investment Management
[phone] 
[e-mail]

The information in this press release is such information that Catella AB (publ) is required to disclose pursuant to the Market Abuse Regulation (596/2014). The information was provided for publication under the auspices of the above contacts on 10 March at 2.30 am CET.

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/catella/r/catella-strengthens-uk-presence-by-signing-a-conditioned-share-purchase-agreement-to-acquire-majorit,c2469506

The following files are available for download:

http://mb.cision.com/Main/1744/2469506/803607.pdf

Press release (PDF)