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Case One Step Closer to Celina Acquisition

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Stockholm (HedgeNordic) – Case Group agreed in April to acquire Celina Fonder’s fund operations, with its completion subject to regulatory approval. The Swedish Financial Supervisory Authority – Finansinspektionen – has now given Celina Fonder permission to hand over its four UCITS funds to fund hotel AIFM Capital with which Case’s subsidiary, Case Kapitalförvaltning, has a management agreement. Celina Fonder is now awaiting approval of the transfer of its alternative investment funds to Case.

Finansinspektionen has initially given Celina Fonder permission to transfer UCITS funds Celina Avkastningsfond, Celina Småbolagsfond, Celina Sverige Aktiv Hållbarhet and Celina Sverige Hållbart Beta to fund hotel AIFM Capital. The transfer is expected to take place in 90 days, so Case Kapitalförvaltning will be responsible for the fund management and contact with customers regarding the UCITS funds after 90 days. Both Case and Celina are now awaiting Finansinspektionen’s approval of the transfer of Celina’s alternative investment funds, including Celina Hedgefond and Celina Credit Opportunity.

“Very gratifying news from FI, which means that Case is taking important steps towards the final acquisition and consolidation of Celina’s funds.”

“Very gratifying news from FI, which means that Case is taking important steps towards the final acquisition and consolidation of Celina’s funds,” comments Case Group CEO Johan Andrassy (pictured). “Case is now awaiting FI’s approval to take over management of Celina’s other funds and approval of the transfer of Celina’s seven alternative investment funds.”

“The message left by the Financial Supervisory Authority is very positive for the completion of the fund transaction between the parties.”

“The message left by the Financial Supervisory Authority is very positive for the completion of the fund transaction between the parties,” writes Celina Fonder in a press release. “During the year, Celina’s funds have developed well in a market characterized by turbulence, and it is gratifying to be able to offer a strong, broad portfolio of funds to our customers with greater joint strength.”

Celina Hedgefond, one of the alternative investment funds to be transferred to Case, has received a new breath of life since the appointment of Bodenholm founder Per Johansson as the CIO of the fund’s management company – that is now in the process of being acquired by Case Group. Johansson took over the management of the fund and its long/short equity leg since his appointment as CIO in February this year. Celina Hedgefond advanced 5.8 percent year-to-date through August 24 (read more).

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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