Knutsson Holdings sells majority in Jarl Securities to German CatCap
CatCap, a leader among M&A companies in Germany, acquires the Swedish firm Jarl Securities. CatCap takes its first true international step and the companies join forces to execute on their joint vision of delivering excellence in investment banking for entrepreneurs.
In Germany, CatCap is one of the leading M&A advisors. 2/3 of the transactions advised by CatCap are cross-border. CatCap is therefore already internationally represented with its Globalscope partnership network with 55 members in 46 countries. Due to the importance of the Scandinavian markets, CatCap has decided to represent itself here with its own location through the acquisition of Jarl Securities.
“We have been an active M&A advisor in Germany for many years. But for us, Sweden is a market of such importance that we now choose to join forces with Jarl Securities, a fast-growing company with an excellent track record in technology enabled businesses like e-commerce, software and classical industrial companies. We have similar focus and methods of working, which means that it’s a great strategic fit on several levels”, says Michael Moritz, CEO and CatCap Founding Partner.
With Jarl Securities CatCap was able to find the ideal partner on site. Just like CatCap Jarl Securities is part of the Globalscope network. Jarl Securities is a fast-growing company with an excellent track record in M&A of technology-driven companies from e-commerce, software and business services and also traditional industrial companies. CatCap and Jarl Securities set similar priorities and have comparable professional working methods.
With the participation of Jarl Securities, CatCap was able to support the merger of Bytro Labs and Stillfront and was represented on the Supervisory Board by Mark Miller after the listing of Stillfront at the Nasdaq in Stockholm and co-initiated 5 acquisitions including, amongst others, the acquisition of Good Game Studios and OFM in Germany.
“At Jarl Securities, we have established ourselves as a leading player targeting midsized M&A transactions in Sweden. We have already completed several projects successfully together with CatCap and it turns out that we are very similar in terms of processes and culture. One of our contributions to the new group is our Equity Research Department which brings knowledge about analysis of the stock market and assigned based research to the table. We cover more than 60 publicly listed companies in collaboration with the Swedish Shareholders Association, which is a unique complimentary offering among M&A-focused advisors”, says Anders Elgemyr, CEO of Jarl Securities.
One of Jarl Securities’ contributions to the new group is its equity research department, which is a leading provider of equity market research and has sound equity market expertise. Jarl Securities covers more than 60 listed companies in cooperation with the Swedish Shareholders’ Association. This is a unique additional offer among M&A focused consultants.
Jarl Securities was originally founded by Knutsson Holdings with a few key individuals. Mark Miller and Daniel Garlipp from CatCap replace Michael Knutsson, who is leaving the board. All other current board members remain on board with Finn Johnsson as chairman, Katarina Bonde and Fredrik Adolfsson.
“We are proud to have been part of building Jarl for what it is today with a clear focus and winning concepts within M&A and Equity Research. We are very happy to pass on this investment to CatCap, where the company really fits well”, says Michael Knutsson.
The Jarl Securities team led by Anders Elgemyr and Erik Lundberg will work closely with the CatCap team on M&A and ECM projects. For a german-swedish transaction, CatCap and Jarl Securites are perfectly positioned.
CatCap – a partner-led corporate finance boutique – supports companies and their shareholders in the implementation of strategic goals and offers integrated cross-border M&A advice for medium-sized transactions. CatCap is represented in Germany with 35 employees in Berlin, Hamburg and Munich. The merger creates another location in Stockholm and the company grows to 48 employees.
About Jarl Securities
Jarl Securities is a leading M&A and Equtiy Research boutique in Sweden. The company offers services in the field of Corporate Finance, Analysis and Equity Research and has over 100 years of combined international experience from the financial industry. The organisation consists of thirteen employees with previous employment history from eminent actors such as JP Morgan, Aberdeen Asset Management, Fischer & Partners, Danske Bank, Kaupthing Bank and Nordea. Jarl Securities is also a member of the Globalscope partner network.