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".