Mandatum Life Insurance Company Ltd has acquired a minority share (19.9%) of the Swedish alternative investment fund company Crescit.
The share acquisition will be carried out as a directed share issue. The acquisition is subject to the approval of the competent authorities.
Mandatum Life has had active institutional wealth management sales in Sweden for several years. The closer co-operation brought by the acquisition will reinforce the company’s institutional wealth management networks in the customer arena in Stockholm.
“Crescit is an innovative wealth manager and we know them well. Both Crescit and Mandatum Life seek strong growth in the Swedish market,” says Lauri Vaittinen, Mandatum Life’s Senior Vice President, Investment Solutions.
“In recent years, Mandatum Life has established a strong foothold in Sweden’s institutional wealth management market. We continue to see great opportunities in alternative investments and other areas, and we look forward to working with Crescit,” says Claes Siegfrids, Mandatum Life’s Director, International Investors.
Lauri Vaittinen, Senior Vice President, Investment Solutions, email@example.com, tel. +358 50 382 1674
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