Linklaters advised Altor Fund III GP Limited and Bure Equity AB (publ) on the acquisition of Carnegie and the Max Matthiessen group from the Kingdom of Sweden. This acquisition is one of the first buyouts from a government since the current financial crisis began. The Max Matthiessen group is the leading Swedish adviser in pensions, life insurance and other long-term savings solutions.
The Max Matthiessen group operated with its sister company, the Nordic investment bank Carnegie Investment Bank AB, under their parent D. Carnegie & Co AB, which was listed on the NASDAQ OMX Stockholm Stock Exchange. In November, the Swedish Financial Supervisory Authority revoked Carnegie’s banking licence and the Kingdom of Sweden enforced a pledge over D. Carnegie & Co AB’s shares in Carnegie and Max Matthiessen and initiated a sale process. The acquisition is conditional upon competition clearance and financial regulatory approvals in a number of jurisdictions.
For further information, please contact:
Krister Hansen ( krister.hansen@linklaters.com , (+46-8) 665 66 83)
