CatCap acquired Jarl Securities

Jarl Securities, a Stockholm, Sweden-based a M&A and equity research boutique, announced that it was acquired by the German investment bank CatCap.

Financial details of the transaction were not made available.

Jarl Securities, originally founded by Knutsson Holdings and led by CEO Anders Elgemyr and Erik Lundberg, offers services in the field of Corporate Finance, Analysis and Equity Research. The company has thirteen employees and is a member of the Globalscope partner network.

Following the transaction, Mark Miller and Daniel Garlipp from CatCap replace Michael Knutsson, who is leaving the board. All other current board members remain on board with Finn Johnsson as chairman, Katarina Bonde and Fredrik Adolfsson.

CatCap follows a general trend where M&As deals are becoming increasingly international. Cross-border M&A transactions were less common in the past and mainly concerned large cap companies that acquired competitors.

Today, with the internet-enabled global market it’s natural for companies of all sizes to review their international strategy. The internet lowered the thresholds for international expansion and at the same time economies of scale generally increased.

For private equity companies, the trend is even clearer. Local presence and expertise within an industry is important as a starting point. However, to implement a buy-and-build strategy, common to today’s venture capitalists, expanding the business internationally is an increasingly important key to success, and M&A is a great way to achieve this.