Capital Four, the largest independent high yield manager in Europe, today announced the sale of the majority interest to Northill Capital, an independent London-based asset management company.

The investment in Capital Four amounts to approximately 60% of the firm’s equity. The remaining 40% ownership is maintained by the existing partners Sandro Näf, Torben Skødeberg and Henrik Østergaard. Capital Four will retain operational independence and members of Northill will join Capital Four’s board of directors.

The partnership will enable Capital Four to continue growing and developing their business, while maintaining its proven investment performance. Furthermore it allows Capital Four to focus on serving its clients and broaden equity ownership to the future leaders.

Capital Four will remain in Copenhagen and preserve its distinctive culture and location, thus providing a advantageous vantage point on a complex and fast growing European credit investment universe.

Northill Capital is an independent, privately held asset management business established in London in 2010. Northill’s long-term strategy is to build a portfolio of high quality, specialist asset management businesses. Combined assets under management in which Northill owns a majority interest total approximately $30 billion. Northill brings deep industry experience and expertise and the patient, long-term application of substantial private capital to support skilled investment professionals to develop their business. 

Capital Four is a European credit asset management business founded in 2007, and is the largest independent high yield manager in Europe. Capital Four has an award winning performance track record and a fast growing alternative credit business. Capital Four employs a rigorous bottom-up investment process across the firm’s credit strategies and focuses on delivering alpha through superior security selection.  Capital Four is based in Copenhagen and manages approximately EUR 6 billion predominantly on behalf of institutional clients.

Bruun & Hjejle acted as legal counsel to Capital Four and the sellers.