Mandatum Asset Management Growth Equity team

Overview

Mandatum Asset Management's Growth Equity team specializes in the scale-up phase of Nordic growth companies, providing flexible minority investments ranging from €10 million to over €30 million. Their approach emphasizes active ownership, offering expertise, networks, and growth capital to companies with proven business models and ambitious management teams. The team has been instrumental in the development of companies such as Haltian, Nosto, Cadmatic, Oddlygood, and HappySignals. Their investment strategy targets companies with revenues between €10 million and €200 million, aiming to support exceptional growth journeys and international expansion. Sustainability is a key component in supporting the growth and development of their portfolio companies, with a focus on integrating ESG practices throughout the investment lifecycle. The Growth Equity II fund, established in December 2022, has already invested in three companies, with the most recent investment involving Finnish company Integrata. The fund has raised €140 million, making it Finland's largest active growth equity fund. The team operates as an active minority owner, providing companies with growth capital and owners with liquidity, and has a strong track record in strengthening portfolio companies' go-to-market strategies, reinforcing their marketing and data resources, and expanding into new markets. Their investment philosophy centers on partnering with entrepreneurs, other owners, and senior management to enable companies to reach their full potential, with a focus on high-growth companies with clear potential for international expansion. The team seeks to invest in ambitious teams that have built companies around proven business models, demonstrated strong market traction, and developed products that are not easily replicable, valuing recurring business models, exceptional execution, strong structural market tailwinds, and business/market moats. Their approach has been well-received by portfolio companies, especially in the current market environment, offering a flexible minority solution that reduces financial and operational risks for entrepreneurs and owners. The Growth Equity team continues to focus on finding suitable companies to invest in, providing capital, relevant tools, and expertise to promote growth and international expansion. Their commitment to supporting successful growth companies is evident in their active involvement in the development of their portfolio companies, contributing to their growth and internationalization through a combination of capital, expertise, and networks.

Investment Focus

• Proven business model
• Ambitious management team
• Clear potential for international expansion
• Recurring business model
• Exceptional execution
• Strong structural market tailwinds
• Business/market moat

Portfolio Companies