Hagströmer & Qviberg merges with HQ Fonder to create a leading entity in private banking and capital management, significantly enhancing their market presence and service offerings.

Information on the Target

The merger between Hagströmer & Qviberg and HQ Fonder establishes a leading player in the private banking sector, encompassing fund and capital management services. The newly formed entity will manage an asset base exceeding 40 billion SEK, effectively broadening its management capabilities and increasing recurring revenues. This merger positions Hagströmer & Qviberg as a major player in the Nordic region for capital management, with a focus on growth markets such as Russia, China, and India.

As part of the merger, shareholders of HQ Fonder will exchange their shares for 0.62 shares in Hagströmer & Qviberg. Approximately 47.7% of voting shareholders in Hagströmer & Qviberg and 32.1% in HQ Fonder have expressed their support for the merger. The newly combined company will continue to operate under the name Hagströmer & Qviberg, and the shares will remain listed on the Stockholm Stock Exchange.

Industry Overview in Sweden

The private banking industry in Sweden is characterized by a strong demand for personalized financial services, with a growing interest in investment opportunities within emerging markets. The industry has seen significant growth in assets under management