Månad: april 2022

Arise appoints new head of business development and M&A

Posted on by Isabella

Daniel Cambridge has been appointed as the new Chief Commercial Officer at Arise AB (publ) (“Arise”) where he will be responsible for new business development and M&A activities. He will take office 2nd May 2022, when he also will form part of Group Management.

Most recently Daniel Cambridge has been a Director for UK and Irish subsidiaries of ib vogt GmbH, an integrated German solar pv and battery storage developer. Daniel has also, among others, worked as Senior Investment Manager at Foresight Group LLP, working within their Infrastructure team.

”We welcome Daniel as a new member in our Group Management. He is a key recruit in realizing our new strategy to diversify our business in terms of geographies and technology. Daniel´s background and experience is a perfect match for our growth plan”, says Per-Erik Eriksson, CEO, Arise AB.

Catella exits its Corporate Finance operations in the Baltics

Posted on by Isabella

Following Friday’s press release on Catella winding down its German Corporate Finance operations, Catella today announces the decision to exit its Corporate Finance operations in the Baltics.

Both decisions were based on a strategic review of the Corporate Finance business area with the aim of identifying markets where Catella Corporate Finance has a strong market position or an opportunity to reach a solid and profitable position.

“As with our German Corporate Finance operations, we have concluded that we will not be able to reach the strong market position that is necessary to be successful in the Baltics. Exiting the German and Baltic Corporate Finance markets means that we can now wholeheartedly focus on growth and expansion of our remaining five strong markets and our pan-European offering in Debt Advisory. Corporate Finance is at the heart of Catella, and we are excited about our future growth in our core markets. It is never an easy decision to wind down an operation and I extend my best wishes to the Baltics team going forward.” says Christoffer Abramson, CEO Catella

The exit will take place during the second quarter of 2022 and have limited impact on financials.

Catella focuses its European Corporate Finance operations

Posted on by Isabella

Following a strategic review of the Corporate Finance business area, Catella has decided to wind up its operations in Germany. The review was aimed to identify markets where Catella Corporate Finance has a strong market position or an opportunity to reach a strong and profitable position.

The review has resulted in the decision to close down operations in Germany in order to allocate time and resources to develop and strengthen Corporate Finance operations in the other countries.
Catella has begun negotiations on the planned measures with full regard to local legislation and practice. The planned measures are expected to lead to restructuring costs amounting to approximately SEK 20 Million, which will be charged to the first quarter of 2022.

“Corporate Finance is an important and integrated part of Catella that not only contributes positively to Catella’s operating profit but also with significant synergies and market intelligence to our other two business areas, Property Investment Management and Principal Investments. While we perform well in markets where we have a relevant market share, we have not achieved the profitability we strive for in Germany. Therefore, we have made the difficult decision to close our operations in order to wholeheartedly focus and strengthen the offer in the markets where we can further consolidate our presence, ”says Christoffer Abramson, CEO Catella.

Germany will remain as Catella’s largest market after the restructuring, through the property funds in Catella Real Estate AG (CREAG) and Catella Residential Investment Management (CRIM) as well as the property development company Catella Project Management (CPM).