We advise Mandatum Asset Management in its investment in Epical Group, the Nordic data consulting company. The EUR 22.5 million funding round will support Epical’s growth journey as it aims to become the most trusted and innovative data consultancy firm in the Nordics. Osuuskunta KPY, the current sole shareholder of Epical, will remain as the other main owner after the funding round.
This investment represents the fifth investment of Mandatum Asset Management’s (MAM) Growth Equity II fund, the second vintage of MAM’s Growth Equity strategy, which focuses on the scale-up phase of Finnish and Nordic growth companies with a proven business model and ambitious management teams. Mandatum Asset Management is a Nordic asset manager and a subsidiary of Nasdaq Helsinki listed Mandatum.
The transaction is subject to standard regulatory approvals, including from the competition authorities.
In 2024, we advised Mandatum Asset Management as lead investor in the EUR 12 million financing round in HappySignals.