STOREBRAND ASA: Storebrand strengthens private equity position through acquisition of Cubera
Storebrand Asset Management has entered into an agreement to acquire Cubera Private Equity [Cubera]. Cubera is a Nordic firm offering investors exposure to Nordic private equity primarily through the secondary market. The firm is a leading player within Nordic private equity and has around NOK 9 billion under management, mainly from international investors. - The transaction strengthens our offering to institutional asset management clients. Storebrand is today the only provider in Norway that includes private equity in its defined contribution portfolios, says Group CEO Odd Arild