Mandatum Asset Management Ltd, together with Mandatum Opportunistic Loan Strategy, have arranged private financing amounting to €40 million to European Directories BondCo S.C.A. (“European Directories”), a portfolio company of Triton Fund III. In addition to Sampo Group companies, Mandatum Opportunistic Loan Strategy, Mandatum Life Nordic High Yield Total Return Fund, and Mandatum Life Fixed Income Total Return Fund have invested in the transaction.
“We have followed the development of European Directories for years and seen its transformation from being the incumbent directory provider in its markets to a company with also significant presence in the digital marketing and cloud hosting space. We are excited to be part of the company’s future journey and to facilitate its growth plans with this financing package,” says Alexander Gallotti, Head of Loan Strategies at Mandatum Asset Management.
“European Directories’ transformation to a digital marketing and cloud hosting service provider has been a successful and exciting journey. We are pleased with the support our financing partner can offer and look forward to continued growth. I also want to take the opportunity to thank Alexander and the Mandatum team for the professional approach in the process,” says Janne Kuisma, Group CFO of European Directories.
In connection with the transaction, Krogerus Attorneys Ltd acted as advisor to Mandatum Asset Management. Hannes Snellman Attorneys Ltd advised European Directories.
Additional information:
Alexander Gallotti, Head of Loan Strategies
Mandatum Asset Management Ltd
Tel. +358 10 516 8491
alexander.gallotti@mandatumlife.fi
Mandatum Asset Management Ltd (“MAM”) was formed by combining Sampo Group’s proprietary balance sheet, client assets and the investment operations from Sampo plc and Mandatum. The merger process is still ongoing (spring 2021), and it is expected that MAM will be fully operational during H2/2021. By that time, MAM will manage around 24bn euros and employ 100 investment professionals. MAM belongs to Sampo Group and is a sister company to Mandatum Life Insurance Company Ltd.
European Directories Group is an online partner for SMEs offering local search, lead generation, hosting and domains with a scalable business model. The European Directories Group operates through five main brands: Fonecta and 020202 in Finland, HEROLD in Austria, Youvia in the Netherlands and dogado in Germany. More information about the European Directories Group can be found at www.europeandirectories.com.