Altor sells stake in Mandatum

Altor Invest 8 AS, an entity owned by the private equity firm Altor Fund VI, has divested its shares in the financial services company Mandatum plc. The specifics of the transaction, including the number of shares and the sale price, were not immediately available.

Mandatum plc is a Finnish financial services group offering wealth management, investment services, and life insurance. The company was listed on the Nasdaq Helsinki stock exchange in December 2023.

Altor is a Nordic private equity firm that invests in mid-market companies across various industries. The firm manages several funds with capital commitments from institutional investors, including pension funds and foundations.

This share sale follows Mandatum's recent initial public offering. Further details regarding the completion of the sale and its impact on Mandatum's ownership structure are expected.