Altor sells Max Matthiessen

Following the deal, Max Matthiessen will be 75% owned by Willis and will benefit from its global network of 400 offices and 18,000 employees. Max Matthiessen employees will retain a 25% stake.

Previous investment
Altor Fund III acquired Max Matthiessen in 2009. The deal saw Altor and Bure Equity jointly acquiring Carnegie and Max Matthiessen from the Swedish National Debt Office for SEK 2.3bn. The deal valued Max Matthiessen at SEK 500m, according to unquote" data.

Company
Established in 1889, Max Matthiessen is a financial adviser. The company supports employers and individuals with procurement, analysis packaging, advisory and administration of insurance solutions. The company has 400 employees across its 23 offices in Sweden. In 2013, the company reported turnover of SEK 1bn.

People
Claes Ekström is partner at Altor and chairman of Max Matthiessen.

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• Topics
• Exits
• Nordics
• Altor
• Bure
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