Matters

Gernandt & Danielsson advises Carnegie

Carnegie will be split into a streamlined private and investment bank (Carnegie Investment Bank), with Carnegie Fonder and Carnegie Asset Management brought together as two independent units to form a new asset management group.

Carnegie Fonder will be sold to a newly formed company that will also own Carnegie Asset Management, which was spun off from Carnegie Investment Bank in 2010 and is owned by Altor Fund III and Carnegie Asset Management employees. Carnegie Fonder and Carnegie Asset Management will operate under their existing names and continue their constructive collaboration as two independent units.

Carnegie settled in 2015 the debt instrument from 2010 within the Swedish National Debt Office guarantee scheme. Carnegie is now also redeeming the convertible loan and preference shares that have been held by Öresund and Creades since the acquisition of HQ Fonder in 2010. The transfer of Carnegie Fonder is expected to be finalised in April 2016.

Gernandt & Danielsson advises Carnegie with a team consisting mainly of partners Mikael Borg, Niclas Rockborn and Mats Hugoson and senior associates Pär Johansson and Nils Unckel and associate Olof Malmberg.