Obtaining merger control clearance for Mandatum Asset Management’s investment in Epical Group

We advised Mandatum Asset Management on its investment in Epical Group, the Nordic data consulting company, including obtaining merger control clearance from the Finnish Competition and Consumer Authority.

KPY Cooperative, the sole shareholder of Epical Group prior to the transaction, and Mandatum will have joint control over Epical Group after the funding round. The investment was also notifiable to the Swedish competition and FDI authorities. All authority clearances were received for the investment.

Mandatum Asset Management is a Nordic asset manager and a subsidiary of Nasdaq Helsinki listed Mandatum. Mandatum is one of Finland’s leading financial service providers, combining expertise in wealth management and life insurance. In 2024, Mandatum’s assets under management were EUR 14 billion.

KPY Cooperative is one of the biggest employers and key players in the business and industry sector in Eastern Finland.

Epical is a Nordic data consultancy with 400 digital experts.

Case reference: Investment in Epical Group