Aktia Oyj acquires Taaleri Oyj's wealth management operations

Aventum advised Aktia in the acquisition of Taaleri’s wealth management operations

Aktia Bank Oyj (“Aktia” or “Company”) has acquired Taaleri Oyj’s (“Taaleri”) wealth management operations, including 100% of Taaleri Wealth Management Oy, Taaleri Fund management Oy, Taaleri Tax Services Oy and Everest Oy, for a total purchase price of 120 MEUR. Aventum acted as financial and strategic adviser to Aktia in the transaction.

Through the acquisition of Taaleri’s wealth management operations, Aktia will further strengthen its position within asset management and become a leading asset manager organisation in Finland. This transaction is also in line with Aktia’s objective to be the best asset manager in Finland.

Combined, Aktia and Taaleri’s wealth management operations create value in several ways both for Aktia’s shareholders and customers as well as employees. As part of the transaction, Aktia and Taaleri has entered into a long-term strategic partnership supporting the strategy of both parties. Aktia’s customer will get access to Taaleri’s successful alternative investment products while Taaleri gains a significant distribution channel through Aktia.

The completion of the transaction is subject to approvals by the Finnish Competition and Customer Authority and the Financial Supervisory Authority.