Catella to acquire majority stake in U.K. fund manager Apam

Catella AB, through Catella Property Fund Management AB, has plans to acquire a majority stake in U.K. real estate investment and asset management company APAM.

The transaction is expected to close during the second half of 2018.

APAM is an independent real estate investment and asset manager operating exclusively in the U.K. market with a combination of skills to offer clients an “end to end” approach to support their investment strategy. APAM has assets under management of £1.4 billion ($1.96 billion).

APAM will continue to be independently run by its current management team. Cooperation between Catella and APAM will start immediately.

Simon Cooke and William Powell, founders and executive directors of APAM, will remain shareholders in APAM, each with 12.5 percent of the share capital and voting power after the transaction.