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Investcorp, the leading global provider and manager of alternative investment products, has announced the acquisition of Asiakastieto, Finland's biggest business and credit information company.
Founded in 1982, Investcorp is a leading provider and manager of alternative investment products and has offices in Bahrain, London and New York.
Based in Helsinki, Asiakastieto has a 74 per cent share of the Finnish credit information market, within which it is the sole personal credit information database owner.
It has four main business areas: risk management and credit information services, basic company and personal information, sales and marketing information services and customers' own information and other services.
At the core of Asiakastieto's services are databases that consolidate data gathered over several decades from multiple sources to provide Finland's most extensive and comprehensive business and credit information database.
Tim Mattar, a managing director in Investcorp's placement, relationship and management team, said: "Asiakastieto has built a leading market position in Finland with deeply entrenched customer relationships, as well as strong connections with key public authorities and data providers.
"We look forward to supporting Asiakastieto's very experienced management team to make the most of the continuing organic growth potential it can achieve in Finland, as well as extending its tailored risk management packaged data offerings, and exploring opportunities for international expansion and consolidation."
