Novestra has in connection with a re-organization initiated in order to enable further expansion acquired 24 percent of Nordberg Capital Partners.
Nordberg Captial is a small investment bank, based in New York, and has over the past 30 years focused on transactions and trading in stocks listed on the Scandinavian and Eastern European stock exchanges.
In connection with Novestras’ acquisition the shareholders base in Nordberg Capital Partners has been broadened, and extended to include the Moscow based Index Atlas Group, and the Swedish capital management firms Servisen Investment Management and Nove Capital Management, whom have invested in the transaction on the same terms as Novestra.
Peter Nordberg will act as President and CEO in the new organization, and the company will have representation offices in Stockholm and Moscow. The head office and primary base for the business will remain in New York.
“I see this as a small but interesting exposure for Novestra, and I believe that we are going to be exposed to an interesting inflow arising from this partnership. In addition, I find it exciting that Nordberg Capital Partners will be able to offer small and mid-sized companies in the Scandinavian and Eastern European regions a possibility to reach US investors. This is an opportunity that more or less disappeared in the back water of the financial crises, for many of the smaller public companies in these regions” says Novestras Managing Director, Johan Heijbel.
For further information please contact Johan Heijbel, Managing Director, AB Novestra, phone no. +46 8 545 017 50.
About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. In addition to the above Novestra holds 10 percent in WeSC AB, listed on First North, NASDAQ OMX Stockholm.
The Novestra shares are listed on NASDAQ OMX Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com
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