TA backs Söderberg & Partners in SEK 2.5bn share issue

The company has agreed to raise roughly SEK 2.5bn (€247m) via a share issue, all of which will be covered by TA Associates. According to Dagens Industri, the issue values Soderberg at SEK 23bn (€2.27bn).

TA said in a statement that the purpose of the share issue was to support Söderberg & Partners' continued expansion in the Nordics and the Netherlands, as well as potential entries into new geographical markets.

The deal completion is subject to regulatory approval. 

In 2019, KKR acquired a 50% stake in the company from investors including TA, in a deal that valued the company at €1bn. KKR will remain a minority shareholder after the new share issue. 

TA partnered with S&P in 2014, providing extra capital for the bolt-on of Norwegian Broker and Norwegian Claims Link in exchange for a minority stake. The deal was valued at €54m, according to Unquote Data.

Company
Founded in 2004 and based in Stockholm, Söderberg & Partners is a provider of wealth management and corporate insurance services in the Nordic region and the Netherlands.

The company has more than 1,500 employees. 

People 
TA Associates - Chris Parkin (managing director). 

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• Topics
• Expansion
• Nordics
• Financials
• TA Associates
• KKR
• Sweden