Jyske Bank A/S said it agreed to acquire FP Kapital A/S, the parent company of Danish wealth manager Formuepleje, in a deal expected to close in the fourth quarter of 2026.
Formuepleje manages approximately DKK 40 billion in assets for around 14,000 investors and employs nearly 100 people, primarily based in Aarhus and Copenhagen. The acquisition is projected to generate annual net fee income slightly above DKK 0.2 billion for Jyske Bank, with integration costs estimated at DKK 0.1 billion.
Jyske Bank said the deal will be earnings per share accretive from 2028, with net capital consumption expected to be close to 0.1% of its risk exposure amount. The lender maintained its 2026 earnings per share guidance in the range of DKK 71–85, implying net profit of DKK 4.3 billion to DKK 5.1 billion.
Lars Mørch, chief executive of Jyske Bank, said the acquisition aims to leverage Formuepleje’s advisory model, customer base and skilled workforce. He added that Formuepleje will gain access to Jyske Bank’s asset and wealth management platform, including capabilities in alternative investments such as real estate and private equity.
The transaction remains subject to customary closing conditions, including regulatory approvals.
