Per Olav Karlsen’s Cleaves Securities has purchased independent Norwegian investment and research company Gersemi Research.
Gersemi is led by former Nordea and Fearnley Securities analyst Joakim Hannisdahl, who will join the Cleaves team.
Karlsen, chief executive of Cleaves Securities, said: “We trust the acquisition of Gersemi and the appointment of Joakim as head of research, will significantly increase our advisory capabilities especially in regards to capital raises and M&A activities.
“Gersemi has proven to provide high-quality research with excellent insights and we look forward to providing our clients with this enhanced service.”
Cleaves, which has offices in Oslo, New York and Singapore, is active in investment banking, shipbroking and ship management.
With the Gersemi deal it will also boost its capital management capabilities.
Hannisdahl says as the Gersemi brand became increasingly acknowledged in the shipping industry, the time was right to find more ways to utilize the strong research platform.
Gersemi has outperformed the market and consensus by 270% since 2014, according to a statement issued today.
“Becoming a part of the Cleaves group was a perfect fit and enables us to expand our focus into corporate finance and capital management,” Hannisdahl said.
“This is of mutual benefit for both us and our clients, as we are able to offer many more services under the Cleaves umbrella with our high-quality research as foundation.”
