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2014-05-27

Altor: Willis new majority owner in Max Matthiessen

Willis Group Holdings acquires a majority of the shares in Max
Matthiessen and becomes new principal owner of the company.

After the acquisition, Max Matthiessen goes from being a Swedish
company with 23 offices and 400 employees to being part of a global
network of 400 offices and 18 000 employees.

- Willis will become a perfect new majority owner, Christoffer
Folkebo CEO of Max Matthiessen comments. Our customer will now get
access to a broader product portfolio, which is positive. Willis will
also contribute with important experience and knowledge from a global
network.

Altor Fund III bought Max Matthiessen in 2009. Willis will after the
deal hold 75 % of the shares while employees, still control the
remaining 25 %. Under the terms of the agreement, Willis will invest
1 357 MSEK for 75 % of the shares in Max Matthiessen.

- It has been a privilege working with Max Matthiessen. The company
now enters a new phase were they will strengthen their
competitiveness further by becoming a part of a leading international
actor, Claes Ekström partner at Altor Equity Partners and Chairman of
the Board of Max Matthiessen, agrees.

- Altor acquired the company while the financial crisis was at its
worst. Ever since then the company has become much stronger in all
aspects and they have made an amazing journey, Claes Ekström
continues.

The merger is subject to customary regulatory requirements and
approvals.

For more information, contact:

Christoffer Folkebo, CEO Max Matthiessen: tel. +468 613 02 00

Tor Krusell, Head of Communications Altor Equity Partners: tel. +4670
543 8747

Paul Platt, Communications Director Willis: tel. +44 7951 355 322

About Max Matthiessen

Max Matthiessen was founded in 1889 and is a leading financial
advisor. Our advisor, administrators and specialists have experience
helping employers and individuals with procurement, analysis,
packaging, advisory and administration of the best saving- and
insurance solutions on the market. Max Matthiessen have over 400
employees in 23 offices all over Sweden. In 2013 the gross turnover
exceeded 1 000 million SEK. You are welcome to find out more about us
at www.maxm.se.

About Altor

Altor Equity Partners act as investment advisor to the Altor funds.
Since inception, the Altor funds have invested in close to 40
companies with a committed capital of EUR 3 800 million. The
investments have been made in Nordic mid-cap companies with focus on
value creation through growth initiatives and operational
improvements. Among the investments are Lindorff, Helly Hansen,
Apotek Hjärtat, Carnegie, Papyrus, Dustin, Max Matthiessen, and CTEK.
For more information, please visit www.altor.com
(http://www.altor.com/altor/opencms/).

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http://news.cision.com/altor/r/willis-new-majority-owner-in-max-matthies...

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