Mandatum signs agreement to acquire majority stake in asset manager Cliens
Mandatum plc has entered into an agreement to acquire 78.4 per cent of Cliens Holding AB, the parent company of Cliens Kapitalförvaltning AB, a Swedish asset manager headquartered in Stockholm. Mandatum is a major Nordic financial services provider, combining expertise in asset and wealth management and life insurance, and has been listed on Nasdaq Helsinki since 2023.
Cliens is a well-established, partner-owned asset manager with particular expertise in equities, offering nine actively managed funds as well as discretionary mandates. The company had assets under management of approximately SEK 36 billion as at 30 June 2026.
Following completion, Cliens will continue to operate independently under its own brand within the Mandatum group, with current management and employees remaining as shareholders with an ownership of 21.6 per cent. The transaction is subject to approvals from the Swedish Financial Supervisory Authority and the Swedish Competition Authority, and is expected to be completed in the fourth quarter of 2026 at the latest.
Mannheimer Swartling advises Mandatum in connection with the transaction. The firm’s team consists primarily of Isabella Ramsay, Albert Roos, Adam Vallin, Lisa Åhlund, Sebastian Odh, Robin Oké, Oscar Gerdhem, Caroline Karlsson, and Carmen Pocrnja.
