Mandatum invests in Oddlygood Global

Avance advises Mandatum Asset Management (“MAM”) in its EUR 25 million investment in Oddlygood Global, which aims to be a leader in plant-based products. Oddlygood Global develops and markets plant-based products under the Oddlygood™ brand, including oat drinks for coffee and products used in cooking and baking.

Valio, one of Finland’s premier food companies, spun off the Oddlygood business in the spring and will continue as the majority shareholder in Oddlygood Global. Through its investment, MAM Private Equity will become a minority shareholder in Oddlygood Global.