Houlihan Lokey Advises on the Sale of Max Matthiessen
Houlihan Lokey is pleased to announce that Nordic Capital and Ontario Teachers’ Pension Plan have agreed to jointly acquire Max Matthiessen, a leading Nordic financial advisor, to drive further growth and expansion. The transaction was announced on 20 November 2024 and is subject to regulatory clearance.
The new ownership will support the company’s continued growth and international development. Both investors have a shared vision for Max Matthiessen’s next phase and can draw upon a strong track record of building successful international insurance distribution and wealth management companies.
Max Matthiessen provides pension, insurance, and wealth management solutions for employers, entrepreneurs, and individuals. It offers advice, analysis, administration, and procurement of pension and insurance products, as well as investment and asset management solutions. Founded in 1889, Max Matthiessen is headquartered in Stockholm, Sweden, and has more than 800 employees at 45 locations across the Nordic region, serving over 18,000 corporate clients. The company is also committed to sustainable investments, providing its clients access to high-quality ESG-focused products.
With its strong management team and established position as a leading, integrated employee benefit and risk platform, Max Matthiessen is well-placed to build on its growth momentum. This acquisition enables the company’s further access to long-term capital and sector expertise to accelerate its expansion into international markets both organically and through acquisitions.
Ontario Teachers’ Pension Plan will acquire a co-control stake in Max Matthiessen through its Private Capital division. Nordic Capital initially invested in Max Matthiessen in 2020 and will now invest via Nordic Capital XI, following the exit of its initial investment through Nordic Capital IX.
Houlihan Lokey served as the leading financial advisor to Nordic Capital and Max Matthiessen. This transaction further strengthens Houlihan Lokey’s leadership in the European insurance brokerage, employee benefits, and wealth sectors.
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