Wunderlich Securities, a Memphis-based full-service investment firm, has established a presence in Norway through the acquisition of SSB Securities’ shares from the savings bank Sandnes
Wunderlich Securities, a Memphis-based full-service investment firm, has established a presence in Norway through the acquisition of SSB Securities’ shares from the savings bank Sandnes Sparebank.
SSB Securities, a wholly-owned subsidiary of Sandnes Sparebank, provides corporate finance services and alternative investment products within the energy, real estate and private equity sectors.
Alfred Ydstebø, chair of the Wunderlich board, says: ‘Our clients in Norway are institutional investors and companies who will benefit from Wunderlich’s investment banking team which can provide advisory, M&A capabilities and capital financings. The firm’s professionals will also introduce their research capabilities and the many opportunities of the US equity market to our clients.
‘The acquisition of SSB Securities by Wunderlich represents a strong foundation for the firm in Norway. Wunderlich’s objective is to foster an independent platform in Norway, with offices in Stavanger and Oslo, and to ensure that it utilizes as much as possible the skills and expertise found across the Atlantic. In both the US and the Norwegian markets, there are many opportunities, especially within the energy sector.’
Jone Idsøe, chief executive of SSB Securities, says: ‘The news about becoming a part of the Wunderlich organisation was met with great enthusiasm by the employees in SSB Securities. This will clearly be a positive move and expand our capabilities for taking on different projects and transactions in the future. In addition this move may open up for new and alternative capital sources for our clients.’
Wunderlich Securities, a wholly-owned subsidiary of Wunderlich Investment Company, provides financial advisory, trading and brokerage, equity research and investment banking services to individual and institutional clients. Through Coil Investment Group, Ydstebø has been the main shareholder of Wunderlich Investment Company since 2007.
