Holberg eyes strong growth in new markets following acquisition by Carneo

Holberg's executive group has been looking for a new owner since fall 2020, but it has also wanted to find a partner which will let the Norwegian asset manager maintain its independence. CEO Magny Øvrebø thinks the Carneo sale is a milestone which will open up opportunities to sell Holberg's funds to investors Sweden and globally.

Holberg's CEO Magny Øvreby | Photo: PR / Holberg

"In Holberg's executive team we've worked with this and we took a strategic measure when publicly announced that we were looking for a partner. We were interested in a partner who would preserve an independent Holberg with its own identity while at the same time strengthening the firm's future and further growth," Holberg's CEO Magny Øvreby tells AMWatch' sister media FinansWatch Norway.

Since Holberg started the formal process in autumn 2020 this has been a demanding process. Øvrebø says several interested parties have made an offer, but she will not disclose the number of candidates that were on the table or the buying price which the Swedish asset manager Carneo paid.

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