M&A Deal Summary

Ocorian Acquires Nordic Trustee

On June 25, 2021, Ocorian acquired financial services company Nordic Trustee from Altor Equity Partners

Acquisition Highlights
  • This is Ocorian’s 1st transaction in the Financial Services sector.
  • This is Ocorian’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-06-25
Target Nordic Trustee
Sector Financial Services
Buyer(s) Ocorian
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition

Target

Nordic Trustee

Helsinki, Norway
Nordic Trustee is a Nordic provider of core bond trustee services, as well as ancillary information and administrative services, such as sale of bond data, bond pricing, direct lending and loan administration. Nordic Trustee was founded in 1993 and is based in Helsinki, Norway.

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Buyer(S) 1

Buyer

Ocorian

Jersey, United Kingdom

Category Company
Founded 1971
Sector Business Services
DESCRIPTION

Ocorian is a provider of corporate, fund and fiduciary administration services. The business was founded as Bedell Trust and until 2016 was part of Bedell Cristin law firm. Ocorian enjoys a reputation for being one of the highest quality operators across the EMEA and APAC regions. Ocorian was founded in 1971 and is based in Jersey, United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Norway M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 EmphaSys Technologies

Jenkintown, Pennsylvania, United States

EmphaSys Technologies, Inc. provides structured finance analytics, bond administration, loan portfolio accounting, and consulting services to banks, underwriters, major trustees, asset managers, servicers, and issuers of mortgage and asset-backed securities and other structured finance vehicles. EmphaSys Technologies was founded in 1988 and is based in Jenkintown, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 40 of 55
Sector: Financial Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 22 of 26
Country: Norway M&A 15 of 17
Year: 2021 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Navico

Tulsa, Oklahoma, United States

Navico is a provider in marine electronics for the recreational segment and is an innovative force within the commercial marine market. Navico offers multi-function displays, fish finders, autopilots, sonar, radar, and cartography. Navico strong brands serve most major powerboat and sailing markets for both recreational and commercial applications. Navico was founded in 2006 and is based in Tulsa, Oklahoma.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Rillion

Stockholm, Sweden

Rillion is an Accounts Payable automation (AP Automation) software company offering procure-to-pay and digital invoice processing solutions for the SME and mid-market segments. Rillion was founded in 1993 and is based in Stockholm, Sweden.

Buy -