On July 1, 2021, Mandatum Asset Management Ltd. announced it will acquire Trevian Funds AIFM.
Pursuant to the agreement, Mandatum Asset Management Ltd. (“Mandatum”) will acquire Trevian Funds AIFM (“Trevian”). Trevian employees will transition to Mandatum. The transaction, subject to approval by the Finnish Financial Supervisory Authority, is expected to close during Fall 2021. Further terms of the deals were not disclosed.
Mandatum, based in Finland, was formed in the first quarter of 2021 by combining the existing fund management capabilities of Mandatum Life and Sampo Group. The merger process is expected to be completed during the second half of 2021. Upon completion of the merger, Mandatum will have approximately €24 billion in assets under management.
Trevian, based in Finland, is a privately owned real estate fund management company that manages two existing funds: Trevian Finland Properties I and Trevian Carbon Sink Real Estate I Ky. Trevian has approximately €300 million in assets under management.
To read the press release: please click here.