Ontario Teachers’ Pension Plan agreed to acquire a co-control stake in Stockholm-based financial adviser Max Matthiessen from private equity firm Nordic Capital.
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The deal values Max Matthiessen at about €1 billion including debt, people familiar with the matter said, asking not to be identified as the information is private. Max Matthiessen provides pension, insurance and wealth management solutions for employers, entrepreneurs and individuals. The company has more than 800 employees at 45 locations across the Nordic region, serving over 18,000 corporate clients.
“We see two avenues for growth - one is continued organic growth via cross-selling and boosting areas that are very synergistic with the firm’s life insurance and pensions offerings,” said Iñaki Echave, senior managing director and head of private capital for Europe, the Middle East and Africa at OTPP. “On top of that, we see a lot of runway for acquisitions.”
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