Asset manager Northill Capital, which was founded in 2010 by Jonathan Little, former Vice Chairman of BNY Mellon Asset Management, is working with Montfort to support its acquisition of a 60% stake in Capital Four, a Copenhagen-based high yield credit asset management business.
Northill announced the deal, without disclosing financial details, this Monday. The remaining 40% of the firm’s equity will stay with existing partners Sandro Näf, Torben Skødeberg and Henrik Østergaard.
Capital Four will retain day-to-day operational independence, with Northill‘s management team joining the CF board of directors. CF will remain based in Copenhagen following the deal to maintain a “favourable vantage point” on the European credit investment environment.
Montfort Communications has been tasked with providing ongoing communications support to the company. Montfort’s founding partner Gay Collins (pictured) leads the brief.
As of 31 December, Northill owned a majority interest in combined assets under management (AUM) of $30bn (£21bn).