Montagu agrees the sale of DEAS Asset Management Group to Fokus Nordic

Press release

Montagu Private Equity will exit DEAS Group with the agreed sale of the group’s pan-Nordic fund and asset management platform, DEAS Asset Management Group, to Fokus Nordic. The divestment follows the earlier sale of the Danish property management company, DEAS A/S, on August 1, 2024 to PHM Group.

During Montagu’s ownership, DEAS Asset Management Group has evolved from being a smaller Danish company managing assets on behalf of Danish institutional investors into a considerable pan-Nordic fund and asset management platform with 45% of its assets under management in Finland, Norway and Sweden – a total Nordic portfolio encompassing funds and segregated asset management mandates, managed on behalf of national as well as international investors.

“Over the last 3 years, a new group strategy has been established. We accelerated the digital transformation, reorganized the group with a focus on clients and tenants, invested in sustainability including biodiversity advisory services, renegotiated mandates and redefined our communications strategy” said Rikke Lykke, Group CEO, DEAS Group. “After a successful partnership with Montagu Private Equity, we now look forward to welcoming Fokus Nordic to lead the next phase of development for the business.”

Tonny Nielsen, CEO at Fokus Nordic, says: “This acquisition marks a significant strategic advancement for Fokus Nordic. We are excited to enhance the value we provide to our clients and investors, offering greater access to the Nordic real estate markets. Our commitment to exceptional service and local expertise remains unwavering, now strengthened by a stronger organization with a broader reach. This step allows us to diversify our portfolio and deliver an expanded selection of real estate investment options. I warmly welcome the DEAS Asset Management staff, convinced that this will be a great opportunity for us to deliver even more value to our clients”.

Group CEO Rikke Lykke and Group CIO Mette Seifert will step down upon closing of the transaction.

The transaction is subject to regulatory approval from the Financial Supervisory Authorities in Denmark and Norway.

About DEAS Asset Management Group

DEAS Asset Management Group is a pan-Nordic fund and asset management company with offices in Denmark, Finland, Norway and Sweden. The team consists of approx. 100 real estate specialists within fund management, asset management, transactions, development and financing. DEAS Asset Management Group manage both funds and segregated mandates on behalf of national as well as international investors. The portfolio covers all the major real estate sectors and various risk profiles. Total AuM as of Q3, 2024 is approx. 5 billion EUR.

Contact

Rikke Lykke
Tel.: +45 27 90 16 00
E-mail: rikke.lykke@deas-asset.com