Taaleri Wealth Management Ltd has agreed to acquire the entire share capital of Evervest Oy. Evervest was founded in 2015 and is licensed by the Finnish Financial Supervisory Authority to operate as an asset manager. The company will become a fully-owned subsidiary of Taaleri Wealth Management Ltd. The acquisition price will be paid in cash and partially structured on the basis of an earnout model.
The acquisition is subject to approval by the Finnish Financial Supervisory Authority. The acquisition is estimated to be realised in the first half of 2018.
Wealth management is becoming more and more automated. Responding to this shift in the wealth management sector is one of the central targets of Taaleri’s strategy. Evervest’s functioning digital platform will extend Taaleri’s service offering for customers.
“Evervest will become an integral part of Taaleri Wealth Management’s future. The new digital distribution channel will be realised under the Taaleri brand. The service and its further development has a clear strategic position in the transformation of the wealth management sector, and it complements the conventional meeting-based wealth management,” says Taaleri’s Executive Vice President, Asset Management Segment, Samu Lang.
Evervest’s CEO Antti Törmänen sees the transaction as a good solution for Evervest. “Taaleri offers the opportunity to be a part of Taaleri’s bigger service offering and, further develop the service at the same time, Together the companies form a unique wealth management service for customers,” notes Evervest’s CEO Antti Törmänen.
Samu Lang, Executive Vice President, Asset Management Segment, Taaleri Plc, 358 50 321 9785, firstname.lastname@example.org
Antti Törmänen, CEO, Evervest, 358 40 556 2605, email@example.com
Taaleri in brief
Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s operational subsidiaries are: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services and Ficolo Oy developing data centers.
At the end of December 2017, Taaleri had assets under management totaling 5.6 billion euro and 4,400 wealth management customers. Taaleri Plc has some 3,900 shareholders. Taaleri's operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
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