Scribona, listed on the Nordic exchange First North, is acquiring Catella AB, the European finance group that specialises in financial advisory services and asset management. The total cash amount, including redemption of Catella's debts, amounts to SEK 417 mln (EUR 43 mln). Goodwill from the acquisition amounts to approximately SEK 240 mln.
Scribona, listed on the Nordic exchange First North, is acquiring Catella AB, the European finance group that specialises in financial advisory services and asset management. The total cash amount, including redemption of Catella's debts, amounts to SEK 417 mln (EUR 43 mln). Goodwill from the acquisition amounts to approximately SEK 240 mln.
Catella's property arm is a leading adviser in Europe in the areas of property transactions and property financing, with a transaction volume of almost SEK 300 bn during the past three years. Catella Property Group conducts operations in 14 European countries and has 240 employees.
Scribona said that the merger creates a financially strong, publicly listed European group specialised in financial advisory services, asset management and banking.
Once merged, the company intends to change its name to Catella. The new Scribona-Catella group will have 420 employees in 14 countries. Pro-forma equity for the new group totalled SEK 870 mln at end-March 2010. The new Scribona-Catella group aims to list the company’s shares on the main list for Nasdaq OMX Stockholm.
Johan Ericsson, former CEO for Catella Financial Advisory, will be CEO of the merged group.
