Mandatum agrees to buy 78.4% of Sweden’s Cliens for SEK 705 million
Reuters2026/08/13 06:32- Mandatum Asset Management agreed to buy 78.4% of Sweden’s Cliens Holding for SEK 705 million, funded from existing liquidity and capital.
- Cliens will keep operating under its own brand within Mandatum; management and employees retain 21.6% ownership.
- Deal targets faster growth in Swedish and Nordic asset management; Mandatum expects immediate EPS accretion on completion.
- Cliens managed about SEK 36 billion of assets at June 30, 2026; 2025 net revenue was SEK 222 million, EBIT SEK 123 million.
- Closing is expected by end-2026, subject to clearance from Swedish financial and competition authorities.
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