DLA Piper assists NewCap Holding A/S in selling Swedish assets

DLA Piper has assisted NewCap Holding A/S, which is listed on Nasdaq Copenhagen A/S, in selling the majority of the Group’s Swedish assets.

The transaction includes the sale of the asset-management activities, operated through Monyx Asset Management and Nordic Fund Services S.A. in Luxembourg, as well as the sale of the majority of the Group’s consultancy and insurance-mediation activities, operated in subsidiaries in Sweden under the “Hjerta” Brand.
 
The buyer is a group consisting of East Capital Holding AB, which acquires the asset-management activities, and PO Söderberg & Partners AB, which acquires the consultancy and insurance-mediation activities.
 
The deals are expected to go through during the first half of 2019, when the authorities in Sweden and Luxembourg have approved the transactions.
    
DLA Piper’s team included Karsten Pedersen and Casper Jensen Melander.