Akur, new private equity fund VÍB and Íslandssjóða

18.09.2013

VÍB, Íslandsbanki´s asset management and Íslandssjóðir, have founded Akur, a new private equity fund which will be an active owner of stakes in unlisted companies. The new fund will have approximately 10 billion ISK investment capacities. Íslandsbanki will hold approximately 10% stake in Akur.

The managing director of Akur is Jóhannes Hauksson, which has been MD of Corporate Solutions at Íslandsbanki and investment manager is Davíð Hreiðar Stefánsson.

„We see good investment opportunities due to current situation in the markets and further development of Icelandic economy. Akur will focus on investments in companies which have potential to grow further and companies which can be listed in the near future,” says Jóhannes Hauksson, managing director of Akur.

Jóhannes Hauksson holds a B.S. in Business from University of Iceland. Prior he was MD of Corporate Solutions at Íslandsbanki. Jóhannes sat on the board of Geysir Green Energy, Jarðboranir as well as several holding companies set up around assets taken by the bank as a part of restructuring or collection of collateral. Jóhannes has been worked as a credit and Business Manager as well as in International banking and Corporate Banking within Íslandsbanki.

Davíð Hreiðar Stefánsson is Akur´s investment manager. He holds a MBA degree from Winthrop University and a B.S. degree in Finance from the same University. Davíð has worked in Corporate Solutions of Íslandsbanki. Prior he worked in Equity Investments of Íslandsbanki and Corporate Finance of Íslandsbanki in London. 

Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

19.03.2019
The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

23.01.2019
Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More
Netspjall