Acathia Capital Increases Stake in Swedish Savings Platform Futur
Acathia Capital has increased its stake in Futur, Sweden's leading pension and savings platform, through a GP-led secondary transaction backed by Montana Capital Partners, a PGIM subsidiary. Since 2019, Acathia and Polaris Private Equity have jointly managed Futur, which has tripled its assets under management to SEK 240bn and quadrupled profits. Futur has transformed Sweden's life insurance market through digitalization, achieving cost and service leadership. Acathia acquired shares from a co-investor through its new vehicle Fjord Pension SCS, now managing over EUR 300 million AuM.
Acathia Capital ha aumentato la propria partecipazione in Futur, la principale piattaforma pensionistica e di risparmio della Svezia, attraverso una transazione secondaria guidata da GP supportata da Montana Capital Partners, una sussidiaria di PGIM. Dal 2019, Acathia e Polaris Private Equity gestiscono congiuntamente Futur, che ha triplicato i suoi asset in gestione a 240 miliardi di SEK e quadruplato i profitti. Futur ha trasformato il mercato delle assicurazioni sulla vita in Svezia attraverso la digitalizzazione, raggiungendo la leadership in termini di costi e servizi. Acathia ha acquisito azioni da un co-investitore attraverso il suo nuovo veicolo Fjord Pension SCS, che ora gestisce oltre 300 milioni di EUR in AuM.
Acathia Capital ha aumentado su participación en Futur, la principal plataforma de pensiones y ahorros de Suecia, a través de una transacción secundaria liderada por GP respaldada por Montana Capital Partners, una subsidiaria de PGIM. Desde 2019, Acathia y Polaris Private Equity han gestionado conjuntamente Futur, que ha triplicado sus activos bajo gestión a 240 mil millones de SEK y cuadruplicado las ganancias. Futur ha transformado el mercado de seguros de vida en Suecia a través de la digitalización, logrando liderazgo en costos y servicios. Acathia adquirió acciones de un co-inversor a través de su nuevo vehículo Fjord Pension SCS, que ahora gestiona más de 300 millones de EUR en AuM.
Acathia Capital는 스웨덴의 주요 연금 및 저축 플랫폼인 Futur에서 지분을 늘렸습니다. 이는 Montana Capital Partners라는 PGIM의 자회사에 의해 지원되는 GP 주도의 2차 거래를 통해 이루어졌습니다. 2019년 이후로 Acathia와 Polaris Private Equity는 Futur을 공동 관리하며, 자산 관리 규모는 2400억 SEK로 3배 증가하고, 수익은 4배로 증가했습니다. Futur은 디지털화를 통해 스웨덴 생명보험 시장을 혁신하며 비용 및 서비스 리더십을 달성했습니다. Acathia는 새로운 차량인 Fjord Pension SCS를 통해 공동 투자자에게서 주식을 인수했으며, 현재 3억 유로 이상의 자산을 관리하고 있습니다.
Acathia Capital a augmenté sa participation dans Futur, la principale plateforme de retraite et d'épargne de Suède, par le biais d'une transaction secondaire dirigée par GP et soutenue par Montana Capital Partners, une filiale de PGIM. Depuis 2019, Acathia et Polaris Private Equity gèrent conjointement Futur, qui a triplé ses actifs sous gestion à 240 milliards de SEK et quadruplé ses bénéfices. Futur a transformé le marché de l'assurance-vie en Suède grâce à la numérisation, atteignant la position de leader en termes de coûts et de services. Acathia a acquis des actions d'un co-investisseur par le biais de son nouveau véhicule Fjord Pension SCS, qui gère maintenant plus de 300 millions d'EUR d'AUM.
Acathia Capital hat seinen Anteil an Futur, Schwedens führender Renten- und Sparplattform, durch eine GP-geführte Sekundärtransaktion erhöht, die von Montana Capital Partners, einer Tochtergesellschaft von PGIM, unterstützt wird. Seit 2019 verwalten Acathia und Polaris Private Equity gemeinsam Futur, das seine verwalteten Vermögenswerte auf 240 Mrd. SEK verdreifacht und die Gewinne vervierfacht hat. Futur hat den schwedischen Lebensversicherungsmarkt durch Digitalisierung transformiert und dabei Kosten- und Serviceführerschaft erreicht. Acathia erwarb Anteile von einem Mitinvestor über sein neues Vehikel Fjord Pension SCS, das nun über 300 Mio. EUR verwaltet.
- Futur's assets under management tripled to SEK 240bn since 2019
- Company profits quadrupled since 2019
- Achieved market leadership position in Swedish life insurance market
- Full operational digitalization leading to cost efficiency
- None.
Insights
The increased stake in Futur by Acathia Capital, backed by Montana Capital Partners (a PGIM subsidiary), represents a strategic expansion in the Nordic financial services sector. The growth metrics are impressive - Futur has tripled its AUM to SEK 240bn and quadrupled profits since 2019. This transaction strengthens PRU's indirect exposure to the growing Swedish pension market through its PGIM subsidiary.
The deal highlights Futur's successful digital transformation strategy and market penetration in Sweden's life insurance sector. Their end-to-end digitalization approach has resulted in superior cost efficiency and scalability, which are important competitive advantages in the financial services industry. For Prudential Financial (PRU) shareholders, this represents a positive development in their European market presence and digital capabilities.
Since 2019, Acathia Capital and Nordic private equity manager Polaris Private Equity have jointly lead-managed the investment in Futur alongside 3 passive co-investors. In this transaction, Acathia Capital acquired shares from one co-investor through its new vehicle Fjord Pension SCS.
The transaction is another milestone in the journey of Acathia Capital’s successful investment strategy of full conviction investments on a deal-by-deal basis in the financial services sector. Acathia now manages over
Futur exemplifies the power of digitalization in the savings market. The company has redefined Sweden’s life insurance market through cost and service leadership, gaining significant market share through end-to-end digitalization and full scalability.
Thanks to its fully digitalized operations, Futur benefits from unique competitive advantages, including:
- Best-in-class partner satisfaction
- Unrivalled cost efficiency
- Leading product innovation capability
Dr. Thomas Schmitt, Managing Partner at Acathia Capital, remarked: “Since our investment in Futur began in 2019, Futur has tripled its assets under management to
Torgny Johansson, CEO of Futur, says: “We stick to our strategy, to be independent and focus on simplicity for our partners as well as our joint customers.”
About Futur
Futur is a technology-powered pension and savings platform with a life insurance license. It offers long-term savings and insurance cover, with a particular focus on occupational pension and capital insurance. The platform offers leading efficiency, simplicity and access to an independent, quality proofed fund offering. Futur administers over
About Acathia Capital
Acathia Capital specializes in investments in fully regulated insurers and banks across
The closing of the transaction is subject to approval of the Swedish Financial Supervisory Authority.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241203919861/en/
Dardan Lulaj, Investment Manager
pr@acathia.com, Tel.: +496974222570
Source: Acathia Capital
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