Novare Compensation AB Completes Management Buy- Out – PRESS RELEASE

Novare Compensation AB has just completed a management buy-out from their former parent company, Novare Human Capital AB, effective November 1st 2011

Andreas Lauritzen, founder and Chairman of Novare Compensation AB comments: “Having been part of the Novare family has clearly helped us build this company, but being an employee-owned company gives us the independence and flexibility needed to find new ways to work with our clients.”

Since it was founded by Novare Human Capital in 2007, partly owned by Investor AB, the firm has advised clients within total compensation, linking pay for performance, providing compensation benchmarking tools as well as design & implementation of total compensation structures to align regulatory remuneration codes. Clients have primarily been within the financial & insurance industry but also within the general industry in the greater Nordic region and vary between large cap to private equity and family owned companies.

New company name will be announced within short.

For more information regarding the MBO, please contact, David Källström on +46 760 27 28 16 or david.kallstrom@novare.se