The financial group Storebrand Asset Management A/S (“Storebrand”) has concluded an agreement to acquire an additional 50% of the shares in the Danish infrastructure fund manager AIP Management P/S (“AIP”). Storebrand thereby achieves a total ownership of 60%.
AIP specialises in investments within energy and infrastructure contributing to the energy transition in Europe and North America. The business has 90 employees with expertise in investments and energy, working from offices in Copenhagen, London, Madrid and New York. AIP was formed by the pension fund PKA in 2012 and has total commitments from investors of EUR 8bn (DKK 60bn).
AIP will continue to be managed by the current partners retaining its independence under the AIP brand, and the owners are, besides Storebrand, PKA, PenSam and the partners in AIP.
Storebrand provides products within pension, savings, insurance and banking and has around 55,000 corporate customers, 2.2 million individual customers and manages NOK 1,281bn. The group is headquartered just outside Oslo and is listed on the Oslo Stock Exchange.
Accura advised AIP and its majority owners.