Cevian Capital

Cevian Capital is a Swedish investment firm founded in 1996 by Christer Gardell and Lars Förberg, both of whom serve as managing partners. Backed by Carl Icahn, it is the largest activist investment firm in Europe. It has offices in Stockholm, Zürich, and London.^{[citation needed]}

Formerly called Amaranth, Cevian has invested in such companies as ABB, Danske Bank, ThyssenKrupp, Volvo, G4S, TeliaSonera, and Lindex, and played a major role in the sale of Skandia to Old Mutual.

The company was founded in 1996 by Christer Gardell and Lars Förberg.

Christer Gardell is co-founder and managing partner. Born in 1960, he graduated in business from the Stockholm School of Economics in 1984. After working as a management consultant at McKinsey & Company, he was CEO of AB Custos from 1996 to 2001.

Also holding the title co-founder and managing partner is Lars Förberg, who also graduated from the Stockholm School of Economics. He worked with Gardell at AB Custos from 1997 to 2001 as Chief Investment Officer. Förberg is based in Zürich.

In 2006, Cevian launched Cevian Capital II, the largest dedicated active ownership fund in Europe.

In 2012, at Cevian's urging, Cookson, a British engineering firm, spun off its performance materials division, increasing investment value for Cookson shareholders by over 25%.

By 2016, Cevian had $13 billion in assets under management. This increased to about $15.5 billion in AUM the following year.