Atle Investment Management AB (Atle) has signed an agreement to acquire a majority of the shares in the Norwegian fund company FIRST Fondene AS. The acquisition is a strategic expansion into the Norwegian market, where Atle sees excellent potential for future growth and development. The transaction is subject to approval from relevant authorities.
FIRST Fondene is an independent fund company specialising in active management. Today, the fund company has 15 employees and manages approximately NOK 11 billion in equity and fixed-income funds.