Aider enters into a strategic partnership with Captiva

IMG_4575

Captiva Asset Management AS provides operations and management services for hydro, wind, and solar power plants in the Nordics and Baltics. They are now transferring their accounting portfolio in Norway to Aider. “This ensures high quality and predictability for our clients, while allowing us to focus on our core business,” says Captiva CEO, Erik William Welle-Strand.


As an “independent power producer (IPP) for hire,” Captiva enables both foreign and local capital to invest in Nordic renewable energy without having to establish a local organisation. Regardless of ownership structure, they manage – on behalf of their clients – all interfaces related to operating a power plant.


We are a one-stop shop offering everything from technical operation to administrative and financial services, including accounting. However, in other countries we have outsourced the accounting function, while in Norway we have kept this service in-house. That will now change, says Welle-Strand


.


Building each other up


The partnership, which includes a transfer of business from Captiva Financial Services, forms part of Captiva’s ambitious growth objectives: a fourfold increase in assets under management by 2030.


This means we must dedicate all our focus to our core business. We will now be less fragmented, spend less time on recruitment and regulatory matters, and we gain a stable, professional partner. Aider also brings additional expertise that may be valuable for us in our growth journey, he explains, adding:


 


That is why we are establishing a collaboration model where we help strengthen each other. It is both practical and beneficial to have only one skilled partner to work with, and we will now focus on building each other up.


Strengthening industry focus within energy and sustainability


For Aider, the transfer includes two new employees, a significant number of new clients – and a strengthening of the competence house’s industry focus within both energy and sustainability.


We view the development of industry-specific expertise as crucial to creating value for our clients and supporting our continued growth, and it is therefore fantastic to collaborate with an organisation like Captiva. We will now deliver robust, scalable, high-quality accounting services, while also drawing on Captiva’s specialised expertise within this segment, says Kim-Are Dønland, Partner at Aider.

mads-schmidt-rasmussen-xfngap_DToE-unsplash 1-1

Satisfied clients and employees


Dønland also emphasises that this is about more than simply taking over a portfolio. He makes no secret of the fact that the two companies quickly aligned on ambitious growth ambitions.


– This cultural match was crucial for both parties. However, we also know that the path to growth always goes through satisfied clients and employees, which is why the task is to ensure a seamless transition. We will then focus on how we can create even more value for Captivas clients, he says, supported by Welle Strand:


– Aider has been highly impressive throughout the integration process, which was an important factor for us from the outset. Their onboarding team has remained fully focused, with a clear plan for ensuring that both clients and employees are properly taken care of.


The work is led by Aidere portfolio manager Kristin Margrethe Eintveit, who will assume responsibility for Captivas clients. She is very much looking forward to initiating the collaboration.


 


We already work with the energy sector through several of our offices, and this is a highly promising segment for us. We will now strengthen the service offering for Captivas clients and facilitate joint growth both within and outside Norway, she states.


 


 

How can we help you? Get in touch for a friendly chat.