JOOL Capital Partner announced today that they have acquired Säkra Stockholm NoWa AB and the acquisition adds another SEK 1 billion in AUM to the JOOL Group. The acquired company is licensed in the insurance mediation category by the Swedish FSA. Lars Wahlberg, the former owner of Säkra Stockholm NoWa AB, will continue to run the operation together with his staff. JOOL will integrate the acquired company with JOOL´s current company structure that will enable the Group to continue the growth in the Swedish DCM market, in which JOOL is a market leader in the SEK 30-200 million segment.
Mr Wahlberg, the previous owner of Säkra Stockholm NoWa AB comments, ”It will be very inspiring to be a part of JOOL´s expansion. I have followed them closely for the last five years and JOOL has during that time reached a strong position in a market segment that really appeals to clients and IFAs as a natural part of an investment portfolio. Together we will continue to build and expand the business model further”.
Tom Olander, CEO of JOOL Capital Partner said, ”We are very pleased with this acquisition. Mr Wahlberg and Säkra Stockholm NoWa will play an important role for us when we continue to grow in the Swedish DCM segment. This acquisition will enhance our IFA network and it will also be very important for our progress in the financially strong Stockholm area”.
JOOL Capital Partner AB structures and markets financial products, focusing mainly on corporate bonds and fixed income investments. Headquartered in Gothenburg, Sweden, we are also represented in Oslo, Bergen, Singapore and Abu Dhabi. JOOL is a market leader in the Nordic corporate bond market within the SEK 30–200 million segment. We are a wholesale distributor of alternative investment products with over 100 partners world wide and we are catering global distribution platforms, such as Institutions, Private Banks, IFA's and Family Offices. Through the JOOL Markets AS subsidiary, JOOL is authorized by the Norwegian Financial Service Authority to carry out a broad range of investment services and associated activities in Norway, Sweden, Finland and Germany.