Fokus acquires Swedish investment and asset manager Scius Partners

News

Fokus’ first step in the strategy to become a leading investment and asset manager in the Nordics has now been taken. The acquisition of Scius Partners, headquartered in Stockholm, was finalised yesterday and sets out the framework to further develop the Nordic business platform. The 100% buy-out of existing Scius partners was followed by a significant reinvestment in the Fokus Group by the Scius partners and a further increase in capital from the existing Fokus partners and its majority shareholder, BlackFin Capital Partners.

Established in 2007 by Mikael Freudmann, Per Johannesson and Joen Siggelin, Scius Partners is a boutique investment and asset manager with an impressive track-record – completion of transactions for approx. SEK23 bn (€2.1 bn), performance of complex development and turn-around cases, and achievement of very successful divestments. 

Bluechip clients such as Blackstone, Invesco and Starwood, but also local Swedish investors, have over the years benefited from Scius’ competencies. The partners and employees at Scius will continue their successful journey and further develop the Swedish business within the Fokus Group. 

The combined business of Scius and Fokus will be approx. EUR4.5 bn in AuM with approx. 70 dedicated employees at the two offices in Stockholm and Copenhagen.
With strong teams in both Sweden and Denmark, Fokus offers our clients a complete range of best-in-class real estate investment and asset management in the Nordics. The Nordic strategy to become the leading full-service investment and asset manager in the Nordics will continue with further expected expansion during the year.

Tonny Nielsen, CEO and Partner at Fokus explains further; “The acquisition of Scius Partners is the perfect launch of our Nordic expansion – there is no doubt that the two companies are very compatible and represent an excellent starting point for further growth and improved geographical coverage for our respective clients. We are looking forward to joining forces and expanding our business in both Sweden and Denmark, and together take the next steps in our joint journey”.

Mikael Freudmann, CEO and Partner at Scius says; “The task to create a pan-Nordic leading firm with Tonny and his team is an exciting opportunity for us, and we are looking forward to growing the business both in Sweden and the rest of the
Nordics together”.

Damien Lestang, Partner at BlackFin: “We are very enthusiastic to see the Scius team joining forces with Fokus, a major step in the international expansion of the Fokus Group. BlackFin has supported both teams in the sourcing and negotiation, and we are reinvesting alongside the founders of Fokus and Scius. Scius will also bring value-add competencies to the core/core+ know-how of the Fokus Group”.

Fokus was advised by Kromann Reumert and Gernandt & Danielsson on the legal side and Ernst & Young for finance and tax. Scius Partners was advised by lawyer Per Nyberg and Wistrand on the legal side.

Share

Keep informed Follow us on LinkedIn