M&A Deal Summary

Nordic Capital and Ontario Teachers Pension Plan Acquire Max Matthiessen

On May 25, 2020, private equity firm Nordic Capital and pension Ontario Teachers Pension Plan acquired insurance company Max Matthiessen from Willis Group Holdings

Acquisition Highlights
  • This is Nordic Capital’s 1st and Ontario Teachers Pension Plan’s 7th transaction in the Insurance sector.
  • This is Nordic Capital’s 50th and Ontario Teachers Pension Plan’s 1st transaction in Sweden.

M&A Deal Summary

Date 2020-05-25
Target Max Matthiessen
Sector Insurance
Buyer(s) Nordic Capital
Ontario Teachers Pension Plan
Sellers(s) Willis Group Holdings
Deal Type Divestiture

Target

Max Matthiessen

Stockholm, Sweden
Max Matthiessen is an advisor within pensions, insurance, and investment, offering advice, analysis, administration, and procurement of pension and insurance solutions to employers, entrepreneurs and individual customers. The Company also offers advice within savings, investment advisory, and asset management. Max Matthiessen was founded in 1889 and is based in Stockholm, Sweden.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 107 of 142
Sector: Insurance M&A 1 of 3
Type: Divestiture M&A Deals 10 of 11
Country: Sweden M&A 50 of 59
Year: 2020 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 One

Folsom, California, United States

One is a digital payment solutions vendor focused exclusively on the insurance industry. The company’s InsureOne™ product suite enables property and casualty insurers to expand their distribution channels and increase revenues while replacing legacy core systems that are inefficient and inflexible. Its software is used by a rapidly growing list of notable customers, including the National General Insurance Company, Confie Seguros, and Mutual of Enumclaw. One was formed in 2005 and is based in Folsom, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 Siteimprove

Copenhagen, Denmark

Siteimprove is a SaaS-based provider of web governance software. Siteimprove’s broad suite of cloud software products includes quality assurance, accessibility compliance, analytics, SEO, performance monitoring, and policy management. The Siteimprove Intelligence Platform offers complete visibility across online content quality, performance and visitor behavior, empowering more than 7,500 customers worldwide to achieve digital certainty. Siteimprove was founded in 2003 and is based in Copenhagen, Denmark.

Buy -
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 134 of 176
Sector: Insurance M&A 7 of 8
Type: Divestiture M&A Deals 14 of 16
Country: Sweden M&A 1 of 2
Year: 2020 M&A 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 GFL Environmental

Vaughan, Ontario, Canada

GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-12 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of residential and commercial building products, and is committed to accelerating the use of recyclable materials. AZEK is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Willis Group Holdings

London, United Kingdom

Category Company
Founded 1828
Sector Financial Services
Employees18,400
Revenue 3.8B USD (2014)
DESCRIPTION

Willis Group Holdings Public Limited Company provides insurance brokerage, reinsurance, and risk management consulting services worldwide.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Sweden M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-30 Gras Savoye SA

Neuilly-sur-Seine, France

Gras Savoye SA is an insurance broker company offers a wide range of insurance products (basic non-life insurance, life insurance, specialized insurance) to a diversified client base (large companies, SMEs, local authorities and private individuals) present in a wide range of industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Miller

London, United Kingdom

Miller is a provider of insurance and reinsurance solutions for customers. Miller operates across a number of specialist areas, including marine, energy, credit, and political risks, delegated authorities, professional risks, property, casualty, sports and entertainment, and (re)insurance. Miller was founded in 1902 and is based in London, England.

Sell -