Sweden-based asset management firm Catella AB has closed on the acquisition of 75 percent stake in UK-based real estate investment and asset management company APAM Ltd.
Catella, through its subsidiary, paid 18 million pounds ($22.8 million), on a debt and cash free basis for a majority stake in APAM.
In 2017, APAM generated revenues of approximately $8.9 million.
With this deal, Catella said it strengthens its pan-European platform and local expertise while enhancing its competitive edge across Europe.