Altor and Bure acquire Max Matthiessen from the National Debt Office


Altor and Bure acquire Max Matthiessen from the National Debt Office

Altor Fund III and Bure Equity AB have signed an agreement to acquire Max
Matthiessen Holding AB (“Max Matthiessen” or the “Company”), the leading
independent Swedish adviser within pension insurance, life insurance and
long-term savings, from the Swedish National Debt Office (the “National Debt
Office”). As part of the transaction, key employees of Max Matthiessen will be
offered to become co-owners in the Company.

- Max Matthiessen will continue its successful strategy as the leading
independent Swedish adviser within pension insurance, life insurance and
long-term savings
- The current management team led by the CEO, Christoffer Folkebo, will remain
in place
- Max Matthiessen will remain an independent company directly owned by key
employees, Altor and Bure
- An appropriate and transparent profit sharing system for management and
employees of Max Matthiessen will be put in place
- The total purchase consideration for all shares in Max Matthiessen is SEK 500
million, to be adjusted for any dividends paid prior to closing. SEK 150 million
of the purchase consideration will be paid with interest at the latest on 30
April 2010

Altor and Bure have also entered into an agreement with the National Debt Office
to acquire all shares in Carnegie Investment Bank AB (”Carnegie”), a leading
independent Nordic investment bank. Please refer to the separate press release
for further details.

“We are very pleased to have reached an agreement to acquire Max Matthiessen
together with key employees and are excited about working with Christoffer
Folkebo and his team to further develop the business. Max Matthiessen is the
clear market leader and we believe the Company, through focus on innovation and
further building on its customer base, can continue to grow strongly in the
future”, said Harald Mix, Managing Partner at Altor Equity Partners.

“Max Matthiessen is the leading independent pension, insurance and savings
adviser in Sweden and we feel privileged to be part of the business going
forward. Altor and Bure represent long-term owners and it is our firm belief
that, together with management, we will be able to contribute to further
strengthening Max Matthiessen's unrivalled franchise in its field”, said Patrik
Tigerschiöld, Chairman of Bure.

“I am confident that Max Matthiessen will continue to offer the most competitive
client solutions and further strengthen our leadership in the market. I am
excited about embarking on the next phase of the Company's development and look
forward to having Altor and Bure as long-term co-owners alongside our key
employees”, said Christoffer Folkebo, CEO of Max Matthiessen.

Max Matthiessen will be acquired through a holding company owned 65% by Altor
and 35% by Bure, and a holding company owned by key employees of Max
Matthiessen. 

The transaction is expected to close within three months subject to customary
conditions, including regulatory approvals, as well as Altor and Bure closing
the acquisition of Carnegie.

Financial advisers to Altor and Bure are Morgan Stanley, Lenner & Partners and
PricewaterhouseCoopers. Legal adviser to Altor and Bure is Linklaters.

The National Debt Office will hold a press conference at 10.00 CET at Carnegie's
offices on Västra Trädgårdsgatan 15. Harald Mix and Patrik Tigerschiöld will be
present to answer questions. A webcast of the press conference will be available
on the Carnegie website www.carnegie.se. 

Gothenburg, 11 February 2009 
Bure Equity AB (publ)



For additional information, please contact: 
Patrik Tigerschiöld, Chairman Bure Equity AB, Phone +46 8-614 00 20




__________________________________________________________________

The information contained herein is subject to the disclosure requirements of
Bure Equity AB under the Swedish Securities Market Act. This information has
been publicly communicated on 11 February 2009, at 8:30 CET.
__________________________________________________________________

Bure Equity AB (publ), corp. ID No. 556454-8781
P O Box 5419, SE-402 29 Gothenburg
Phone +46 31 708 64 00, Fax +46 31 708 64 80
www.bure.se

Attachments

02102643.pdf