Ocorian has acquired Nordic Trustee, which provides trustee and agency services for bonds and direct lending in the Nordic region, from Altor Fund IV.
The deal, whose financial details were not shared, is subject to regulatory approval.
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This transaction is part of Ocorian’s strategy to further grow capital markets offering.
Founded in 1993, Nordic Trustee is a key player in Nordic bond market with offices in Oslo, Stockholm, Copenhagen and Helsinki.
The firm facilitates issuers’ access to capital, as well as monitoring and securing bondholders’ rights.
Nordic Trustee is also considered as one of the largest independent loan agents in the Nordic private credit market and offers digital solutions to various stakeholders in the bond and private loan markets.
Additionally, the company has over 3,000 running assignments in the non-bank lending sector for over 850 issuers and borrowers from 30 countries.
It also offers bond reference data, pricing information and indexes to institutional investors through its proprietary platforms Stamdata, Nordic Bond Pricing and eFIRDS.
Ocorian chairman and CEO Frederik Tuyll said that the transaction also significantly expands the breadth and depth of solutions that Nordic Trustee can offer its clients.
Tuyll added: “We share a single-minded focus on building long term client relationships founded on excellent client service, something which Nordic Trustee is renowned for. We are looking forward to working with the whole team at Nordic Trustee to best support our clients’ needs, now and in the future.”
Nordic Trustee CEO Cato Holmsen said: “We are delighted to be partnering with Ocorian and welcome this opportunity to team up with a fast-growing global business to offer our combined client base an enhanced service.”
Last year, Ocorian wrapped up the purchase of third party management company and fund administrator Allegro, which serves AIF, RAIF, non-AIF as well as UCITS funds.
In 2019, Estera merged with Ocorian.
