Max Matthiessen was acquired by Nordic Capital

Sweden Secondary 25 May 2020
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Max Matthiessen, a Stockholm, Sweden-based financial advisors within pensions, insurance and investment, announced getting into an investment agreement for being acquired by the private equity company Nordic Capital.

The financial details of the transaction were not disclosed.

Max Matthiessen, founded in 1889 and led by CEO Bo Ågren, has been active in the insurance sector for more than 130 years. The Company has 440 full-time employees of which 235 are advisors, based across circa 30 locations throughout Sweden. Its product offering includes occupational pensions, asset management and non-life insurance. Max Matthiessen has a customer base of circa 13,000 corporate clients, with revenues of SEK 1,552 mn (EUR 148 mn) in 2019.