Erik Penser Bank divests, among others, the business areas Wealth Management and Corporate Finance to Carnegie. The consideration for the completed acquisition consists of shares in Carnegie. The transaction is conditional upon receipt of customary regulatory clearances.
Erik Penser Bank was founded in 1994 by Erik Penser and offers an extensive portfolio of financial services. Erik Penser Bank's remaining operations continue under the leadership of Fredrik Sträng. Carnegie is one of the Nordic region's leading financial advisors and asset managers.
Baker McKenzie acted as legal advisor to Erik Penser Bank in the divestment with a team consisting of among others Carl Svernlöv, Katja Persson, Sofie Sternberg and Albin Stålberg from M&A, Peder Oxhammar and Alexandra Glad from IP, Xandra Ståhlberg, Axel Eriksson and Samuel Hertsberg Asander from antitrust & competition, as well as Linnea Back and Martin Andersen from Tax.
