With this acquisition, Danish Sparinvest is continuing home market consolidation and expanding its value equities team.
The Luxembourg-domiciled fund Atrium Value Partners SICAV – European Small Cap and Denmark-domiciled Atrium Value Partner – Europa Small Cap, jointly valued at around EUR 55 million of assets under management, will now be managed by Sparinvest Asset Management.
As part of the deal, the two highly-experienced fund managers, Karsten Løngaard and Lisbeth Søgaard Nielsen, will boost the numbers in Sparinvest’s Value Equities team. The team is headed by Jens Moestrup Rasmussen and currently manages assets valued at EUR 3.4 bn. This latest strategic move by Sparinvest follows the acquisition of the smaller competitor company EngsINVEST in December 2010
