Storebrand has entered into an agreement to acquire an additional 50% of the shares in Danish infrastructure fund manager AIP Management P/S ("AIP") to reach a direct ownership of 60%. AIP is founded by PKA and headquartered in
In 2020, and in conjuncture with committing capital to the AIP platform,
The increased ownership gives Storebrand control over a well-established infrastructure platform that is complementary to its existing alternatives offering that includes real estate, private equity, and private debt. At the same time, AIP will benefit from Storebrand's strong market position, scale, and investor relationships.
AIP will continue to be led by its current Partners, retaining its independence and operating under the AIP brand, as part of the Storebrand Asset Management multi-boutique offering. The owners, which continues to include the Danish pension funds PKA and PenSam as well as the Partners in AIP, will build upon the strong partnership to further develop and strengthen the AIP platform.
"AIP will expand our investment offering in infrastructure and will strengthen Storebrand Asset Management's position as an investment partner and a leader in sustainable investments. Our clients show great interest in these kinds of long-term investments with stable returns and positive impact like infrastructure. AIP has a strong track record and sustainable investing is at the core of AIP's investment strategy. The partnership with the other Danish pensions funds has worked well and together we now take AIP to the next level", says CEO in Storebrand Asset Management
Storebrand currently manages an infrastructure fund,
"The partnership with Storebrand has been positive and transparent, rooted in shared values. With Storebrand as a majority owner, we have a great partner that can help unlock our potential and accelerate the drive towards a net zero economy by enabling even more investors to invest in the energy transition", says Managing Partner in AIP Kasper Hansen.
The purchase price consideration is
The transaction is expected to close in the second half of 2024 and is contingent on customary regulatory approvals.
Storebrand has been advised by
Lysaker,
For further inquiries, please contact
Group Head of Strategy, Finance and M&A, Kjetil Ramberg Krøkje:
kjetil.r.krokje@storebrand.no or (+47) 934 12 155
Head of Investor Relations,
johannes.narum@storebrand.no or (+47) 993 33 569
Media requests
stig-oyvind.blystad@storebrand.no or (+47) 918 47 226
Other markets: Director of Communications Storebrand Asset Management, Sara Skärvad:
sara.skarvad@storebrand.com or (+46) 70 621 77 92
About Storebrand
Storebrand is a Nordic financial group, delivering increased security and financial wellness for people and companies. We offer sustainable solutions and encourage our customers to take good economic decisions for the future. Our purpose is clear: we create a brighter future. Storebrand has about 55,000 corporate customers, 2.2 million individual customers and manages
About AIP Management
AIP Management specialises in energy and infrastructure investments that facilitate the energy transition in
Head of Investor Relations,
at@aipmanagement.dk or (+44) 758 373 2020
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