Formuesforvaltning AS
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Formuesforvaltning AS - overview
Established
2000
Location
Oslo, -, Norway
Primary Industry
Financial Services
About
Based in Oslo, Norway, and founded in 2000 by Ole Jacob Sunde, Formuesforvaltning AS provides asset allocation, portfolio construction, manager selection, and relationship management services. The company currently has 300 employees in 20 offices across Norway, Sweden, and the United Kingdom. In 2021, IK Investment Partners and Intermediate Capital Group agreed to acquire Formuesforvaltning AS. Formuesforvaltning AS works with private individuals, institutions, and organizations to provide asset allocation, manager selection, and relationship management services for the maintenance and development of client assets.
The company also provides advice on investment in art and philanthropy, such as portfolio reporting and management, personal services, and tax advice. As of February 22, 2021, the acquisition by IK Investment Partners and Intermediate Capital Group will expand Formuesforvaltning AS to new markets and enhance its client offering by adding new services and investing in digital infrastructure.
Current Investors
IK Partners, Intermediate Capital Group
Primary Industry
Financial Services
Sub Industries
Consulting Services, Investment Banking, Hedge Funds
Website
www.formue.no
Verticals
FinTech, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Formuesforvaltning AS - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 297,746,385 | 323,560,300 | 390,929,005 | 432,912,232 | 524,050,162 | 539,795,852 | 611,397,408 | 685,269,779 | 684,598,787 | 765,247,320 | 960,987,689 | - | - | - |
| % Revenue Growth (YoY) | - | 8.7% | 20.8% | 10.7% | 21.1% | 3.0% | 13.3% | 12.1% | (0.1%) | 11.8% | 25.6% | - | - | - |
| EBITDA (USD) | 17,510,812 | 34,842,664 | 75,725,956 | 68,862,040 | 111,628,706 | 82,543,926 | 109,987,018 | 137,236,977 | 131,267,418 | 169,937,625 | 273,400,663 | - | - | - |
| Operating Income (USD) | (4,972,060) | 7,743,690 | 48,588,218 | 40,719,266 | 81,691,660 | 51,751,581 | 77,978,167 | 100,124,592 | 93,130,518 | 115,787,062 | 211,696,573 | - | - | - |
| Operating Margin | (1.7%) | 2.4% | 12.4% | 9.4% | 15.6% | 9.6% | 12.8% | 14.6% | 13.6% | 15.1% | 22.0% | - | - | - |
| % EBITDA Margin | 5.9% | 10.8% | 19.4% | 15.9% | 21.3% | 15.3% | 18.0% | 20.0% | 19.2% | 22.2% | 28.4% | - | - | - |
| NET Income (USD) | (11,380,612) | 488,525 | 32,198,990 | 31,408,362 | 61,118,171 | 36,476,352 | 55,902,303 | 73,420,320 | 48,061,020 | 127,672,951 | 150,567,561 | - | - | - |
| % Net Margin | (3.8%) | 0.2% | 8.2% | 7.3% | 11.7% | 6.8% | 9.1% | 10.7% | 7.0% | 16.7% | 15.7% | - | - | - |
Formuesforvaltning AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Formuesforvaltning AS | - |
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