Ontario Teachers’ Pension Plan has agreed to acquire a co-control stake in Max Matthiessen, a financial advisory firm based in Stockholm, from private equity firm Nordic Capital.

This partnership will result in joint ownership of the business by the Canadian pension fund and Nordic Capital, expanding their investment portfolio in the financial services sector.

Nordic Capital had previously acquired Max Matthiessen in 2020 and will now reinvest through its Nordic Capital XI fund. The financial details of the transaction have not been disclosed, but the collaboration is expected to enhance Max Matthiessen"s market position and growth potential in the financial advisory industry.