Altor divests remaining Mandatum shares to investors
Altor Fund VI sold 22.4 million shares in Mandatum plc via accelerated book-building, completing its full exit from the financial services provider since October 2023.
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European mid-market private equity firm
altor.comLast updated
In short: Altor completed its Sleep Cycle offer, backed Stegra's €1.4 billion financing, and closed new investments and exits.
Altor Fund VI sold 22.4 million shares in Mandatum plc via accelerated book-building, completing its full exit from the financial services provider since October 2023.
Snark BidCo now controls 79.2% of shares and intends to start compulsory redemption proceedings.
Snark BidCo acquired 78.2% after waiving acceptance condition and extended the acceptance period.
The offer remains SEK 24.5 per share, acceptance extended to 2026-07-02, regulatory approvals obtained, and current acceptance equals 78.0% (including financial exposure); the >90% condition is not yet met.
Global law firm White & Case LLP has advised the sellers, primarily consisting of private equity firms Altor and TDR Capital and the family-owned investment…
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