Atle acquires a majority stake in the Norwegian fund management company FIRST Fondene AS

Atle Investment Management AB (Atle) has signed an agreement to acquire a majority of the shares in the Norwegian fund management company FIRST Fondene AS. The acquisition is being made through the purchase of shares from the main owner, Andenes Investment SL, and several of the employee co-owners, all of whom will remain co-owners after the transaction. The transaction is subject to approval by the relevant authorities.

For Atle, this acquisition represents a strategic expansion into the Norwegian market, where we see great potential for future growth and development. FIRST Fondene is an independent fund management company with a clear focus on active management, and currently has 15 employees managing approximately NOK 11 billion in both equity and fixed income funds.

"We are very impressed by the expertise and strong organization that FIRST Fondene has built up. Their focus on active management and high integrity makes them a perfect partner for us. We look forward to taking our first step into the Norwegian market together with FIRST," says Gustav Ohlsson, CEO of Atle.

The acquisition of FIRST Fondene is an important step in our strategy to expand within the Nordic region and strengthen our presence in new markets. As part of the Atle group, FIRST will have access to our resources and support, which will enable future cross-border collaborations. At the same time, FIRST will continue to operate as an independent company, with no planned changes to their organization or management operations.

About FIRST Fondene

FIRST Fondene is a leading player in active management of equity, fixed income, and combination funds, with a focus on the Nordic region and selected global markets. We look forward to welcoming them to the Atle family and exploring new opportunities together for our customers and investors.