Acquisition of Investium Companies
We advised Titanium Oyj in a transaction in which it will acquire all the shares in Investium Group Ltd’s subsidiaries. The purchase price will be paid predominantly with Titanium’s shares, and the completion of the transaction is conditional upon, among others, approvals from the Finnish Financial Supervisory Authority and Titanium’s extraordinary general meeting.
Investium Companies’ operations include Investium funds, securities brokerage, investment advice, insurance agent operations, life and non-life insurance brokerage and a legal services. In 2017, the turnover of Investium Companies amounted to approximately EUR 4.6 million and the result of the financial period to approximately EUR 0.2 million.
Titanium is a growth company focusing on special investment funds investing in care properties and housing and asset management services. Titanium’s turnover in 2017 amounted to EUR 10.2 million and profit excluding group goodwill amortisations to EUR 6.1 million. Titanium’s shares are admitted to trading on the First North Finland trading facility maintained by Nasdaq Helsinki.