.
MergerLinks Header Logo

New Deal


Announced

S-Pankki to acquire Fennia's asset management and real estate investment services businesses.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

real estate investment

Single Bidder

Finland

Asset Managers and Custodians

Friendly

Domestic

Acquisition

Private

Pending

asset management

Majority

Private Equity

Synopsis

Edit

S-Pankki, a retail banking company, agreed to acquire the asset management and real estate investment services businesses from Fennia Group, a provider of risk management and insurance services. Financial terms were not disclosed. "Fennia has unique expertise in asset management and especially in real estate investment and real estate funds, which perfectly complements our current products and expertise. The acquisition makes us one of Finland's most significant real estate asset managers," Hanna Porkka , S-Pankki Director of Wealth Management.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US