Taaleri to Acquire Evervest

May 31, 2018

On May 3, 2018, Taaleri Wealth Management Ltd announced that it had agreed to acquire Evervest Oy.

Under the terms of the transaction, Taaleri Wealth Management Ltd (“Taaleri”) will pay the acquisition price in cash partially structured on the basis of an earnout model. Evervest Oy (“Evervest”) will become a fully-owned subsidiary of Taaleri. The acquisition is projected to be completed in the first half of 2018, subject to approval by the Finnish Financial Supervisory Authority. Further terms of the transaction were not disclosed.

Evervest is a Finnish robo-advisor wealth management company.

Taaleri is a Finnish financial services company that specializes in wealth management, financing and energy. Taaleri provides services mainly to institutional investors, companies and private individuals. Taaleri is a subsidiary of Taaleri Plc and has €5.6 billion in assets under management.

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Categories

Investment Manager M&A, Transactions