Carnegie Holding AB (Carnegie ) has agreed with the founders Adam Gerge and Henrik Didner to acquire Didner & Gerge Fonder AB (Didner & Gerge). The acquisition includes all six funds with a total managed capital of SEK 55 billion. The intention is that the company will eventually become part of Carnegie Fonder AB (Carnegie Fonder). In connection with the acquisition, Didner & Gerge becomes a shareholder in Carnegie Holding AB.
“We are very pleased that Didner & Gerge has chosen to become part of Carnegie. We continue to strengthen Carnegie further, where both our advice and our products are top-ranked, and where the customer always comes first.”
Tony Elofsson, CEO Carnegie Group
Didner & Gerge was founded in 1994 by Henrik Didner and Adam Gerge, with the launch of Didner & Gerge Equity Fund. Later, five more equity funds were started.
“After 30 years, it’s time. Adam and I are very grateful for the trust we have received from all shareholders, and it is with confidence that we now hand over the responsibility to Carnegie Fonder. Just like us, Carnegie Fonder stands for independent analysis and long-term investments”
Henrik Didner
Didner & Gerge manages a total of SEK 55 billion as of May 31, 2024, of which SEK 35 billion within the premium pension system (PPM). The deal is based on Didner & Gerge’s managed capital outside PPM, adjusted for the capital whose future is determined by the Fund Exchange Board’s upcoming procurements. The acquisition is made by Carnegie and is conditional, among other things, on customary regulatory approvals. The purchase price will not be disclosed. The intention is that Didner & Gerge will eventually become part of Carnegie Fonder, whereby the current funds in Didner & Gerge will be integrated into Carnegie Fonder.
“With Didner & Gerge, Carnegie Fonder takes another big step in our work to be Sweden’s most relevant and attractive platform for asset management”, says Andreas Uller, CEO of Carnegie Fonder and Global Head of Business Area Asset Management within Carnegie Group.
“Henrik Didner and Adam Gerge have been two of my idols from the start, and it is an honor that we at Carnegie Fonder get to take responsibility for the savings capital that Didner & Gerge has attracted over the years. We at Carnegie Fonder are passionate about stock picking and our shareholders, and we will continue to deliver the same philosophy for new shareholders from Didner & Gerge.”, says Simon Blecher, chief investment officer (CIO) at Carnegie Fonder.
Carnegie Fonder started in 1988 and has a managed capital as of May 31 of SEK 115 billion, distributed among 28 funds. The number of employees is 71, of which 25 are in fund management. Carnegie Fonder’s main owner is Carnegie Holding, the parent company of the Carnegie Group, which is the Nordic region’s leading financial advisor and asset manager with over 800 employees.
“To be a leading platform for asset management, not only a first-class offering is required, but also first-class customer care, while regulatory and sustainability-related requirements drive up the size requirement. As Sweden’s leading independent asset manager, we can handle the ever-increasing investments required, while becoming a more attractive partner and workplace. With Didner & Gerge, we take a big step on that journey”, says Carnegie Fonder’s CEO Andreas Uller.