Caram to acquire equity interest in Albatris
Caram AB – Carnegie Affiliated Managers (Caram) has announced today that it has agreed to acquire (via its subsidiary Caram Alternative Investments AB) approximately 35% of the equity in Albatris AB (Albatris), with Albatris’ management retaining 65%. Albatris’ ambition is to be a leading investment company in the Non Performing Loan (NPL) segment of European alternative credit investments.
Caram’s investment is consistent with its strategy to invest in focused independent firms with strong investment led cultures. The Caram group was founded in 2016 by its majority owner Altor Fund III and is the largest independent asset management group in the Nordics with over EUR 23 billion in assets under management.
“We see great potential in Albatris as an investor in European Non Performing Loans”, says Arne Lindman, Chairman Caram. “The supply of this asset class is growing strongly as a result of banking regulation that necessitates the sale of up to EUR 1 trillion in NPL assets. Caram see a clear trend where many institutional investors are looking for alternative investments with high potential returns and balanced risk”.
“This collaboration with Caram is a key step to accelerate our business”, says Arash Talebinejad, Managing Partner Albatris. “We see a strong and complimentary partner in Caram Alternative Investments, where we jointly have the best prerequisites for building a leading investment company specializing in Non Performing Loans”.
For more information, please contact:
Anna Tropp, Head of Communications Caram
+46 (0) 722 309 417
Caram is the largest independent asset management group in the Nordics, with over EUR 23 billion in AuM. Caram operates a multi-boutique structure, which preserves the independence and identity of their affiliated managers. The group consists of C WorldWide, Carnegie Fonder, OPM, Nordic Cross Asset Management and Caram Investment Solutions. For more information visit www.caram.com.
Albatris AB is an investment company based in Sweden that will invest in European Non Performing Loans. The company was founded in 2017 and will be operated by a senior team with prior experience at leading firms including Intrum, Lindorff, Goldman Sachs and Lone Star Funds.