Segulah I acquires Sweden’s leading pension foundation manager

4 November, 1997

Segulah I acquires 100 % of the shares in EKH Ekonomihuset AB. Ekonomihuset is the holding company in a group containing the two businesses Ekonomiplanering and Ekonomihuset Fondf”rvaltning AB. Ekonomiplanering is the leading provider of administrative services for pension foundations on the Swedish market. At present, the company has approximately 600 foundations under management which implies a market share slightly below 20 %.

Ekonomihuset Fondf”rvaltning AB (fund management) manages a mixed fund of securities called Trygghetsfonden Ekorren (“the squirrel”). The fund’s assets are split between approximately 50 % Swedish equities and 50 % Swedish fixed income instruments. The fund has a total capital of approximately SEK 1.1 billion under management. The companies are situated in Gothenburg and were previously family owned.

“The markets for pension foundations and other pension savings solutions with an increased individual initiative are growing steadily and we believe in a continued and strong growth in these sectors. Ekonomihuset is a well positioned and well managed group with a unique position on the pension savings market.”, says Gabriel Urwitz, president of Segulah.

“Our ambition is to continue to develop the Ekonomihuset group as the leading independent player on the pension foundation market. We intend to continue expanding the business in the rest of Sweden from the extraordinary base that is provided by the operations in Gothenburg.”

For further information please contact Daniel Sachs at AB Segulah, phone +46-8-665 32 70

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