LONDON – Global law firm, Reed Smith advised Catella AB (Catella) - a leading pan-European organisation specialising in property investments, fund management and banking - on the acquisition of a majority stake in APAM Ltd.

Through Catella’s property fund, Catella Property Fund Management AB (CPFM), the organisation signed a share purchase agreement to acquire a majority stake in the leading UK real estate investment and asset management company, APAM Ltd.

The transaction which was finalised earlier this month, was subject to regulatory approval from the financial supervisory authority in Luxembourg, Commission de Surveillance du Secteur Financier (CSSF) and involved CPFM acquiring 75% of the shares in APAM for a total of £18million, on a debt and cash free basis.  

Both founders and executive directors of APAM, Simon Cooke and William Powell remain shareholders in APAM, each with 12.5% of the share capital and voting power and the company continues to be independently run by its current management team.

The multi-disciplinary Reed Smith team was led by corporate partner James Wilkinson who was assisted by corporate associates Kathryn Bond, Tufayel Hussain; tax partner Caspar Fox and associate Harrison Stimson; real estate partner Graham Reid; employment partner David Ashmore and associate Carl De Cicco.