Ocorian has completed the acquisition of Nordic Trustee, which provides trustee and agency services for bonds and direct lending in the Nordic region.
Nordic Trustee will continue to be led by CEO Cato A Holmsen as an independent bond trustee and loan agent across the region. It has offices in Oslo, Stockholm, Copenhagen and Helsinki.
Frederik van Tuyll (pictured), Chairman and CEO at Ocorian, said: “We are looking forward to working with Cato and the team to give our clients the opportunity to tap into the fast-growing Nordic bond and direct lending markets.
"The transaction also expands the breadth of solutions that Nordic Trustee can offer its clients, including expansion outside the Nordic region.”
Since it was founded in 1993, Nordic Trustee has played a primary role in the development of the Nordic bond market, facilitating issuers access to capital, as well as monitoring and securing bondholders’ rights.
It has supported borrowers and lenders with advice through more than 400 bond restructurings and 2,000 bondholders’ meetings.