Jyske Bank A/S has entered a binding agreement to acquire 100% of FP Kapital A/S, the operator of wealth manager Formuepleje, in a deal expected to close during the fourth quarter of 2026.
The acquisition will add approximately 40 billion Danish kroner in assets under management across Formuepleje’s client base of roughly 14,000 investors. The wealth manager employs nearly 100 staff and operates primarily in Aarhus and Copenhagen.
The transaction is projected to generate annual net fee and commission income of about 200 million kroner for Jyske Bank, with earnings per share expected to benefit starting in 2028. Integration costs are estimated at 100 million kroner, while net capital consumption is forecast at around 0.1% of Jyske Bank’s risk-weighted exposure.
Jyske Bank reaffirmed its 2026 earnings guidance, targeting earnings per share between 71 and 85 kroner, equating to a net profit after tax of 4.3 to 5.1 billion kroner.
Lars Mørch, chief executive officer of Jyske Bank, said the deal would leverage Formuepleje’s advisory model, client relationships and staff expertise while providing access to Jyske Bank’s broader platform, scale and capital management capabilities in alternative investments such as real estate and private equity.
