ABGSC acted as financial adviser to Mandatum in connection with the acquisition of Cliens Kapitalförvaltning

On 13 August 2026, Mandatum plc (“Mandatum”) announced that it has entered into an agreement to acquire 78.4% of the shares in Cliens Holding AB, the parent company of Cliens Kapitalförvaltning AB (“Cliens”), a Swedish asset manager headquartered in Stockholm, for a purchase price of SEK 705m.

Cliens is a well-established, partner-owned asset manager, known for its expertise in active equity management. The company offers actively managed funds across equities and fixed income, as well as discretionary mandates, with approximately SEK 36bn in AuM.

Mandatum is a major financial services provider, with roots dating back to 1874, headquartered in Helsinki and listed on Nasdaq Helsinki. Mandatum combines expertise in asset and wealth management and life insurance, offering a broad range of services to institutional investors, companies and private individuals, and has EUR 16.7bn in client AuM.

The transaction strengthens Mandatum’s position in the Nordic asset management market and supports its strategic objective of growing its capital-light business through international expansion.

Closing of the transaction is expected in Q4 2026, subject to regulatory approvals.

ABG Sundal Collier would like to extend its gratitude for the opportunity to advise Mandatum on this transaction.