Hello Hubsters, It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom. Wealth management is projected to see a $250 billion growth opportunity by 2030, according to Bain & Co. Today, I take a deep dive into one such deal: OTPP and Nordic Capital’s acquisition of co-ownership stakes in financial advisory business Max Matthiessen. Shifting gears to an exit, Baird Capital has sold its stake in a subsea sensor equipment and services provider. In the property sector, the rising demand for storage services among private individuals and professionals is fueling activity. Ardian is the latest to make a move in the segment as the firm has acquired self-storage company. Lastly, I highlight an add-on deal in the staff safety sector by Main Capital portfolio company Sensire. Professional advice Nordic Capital and Ontario Teachers’ Pension Plan (OTPP) want to extend financial adviser Max Matthiessen’s reach into adjacent markets in Northern Europe beyond its home in the Nordics, Emil Anderson, co-head of financial services at Nordic Capital, and Inaki Echave, head of EMEA private capital at OTPP, told PE Hub. Premium subscribers can read more here. Read the full story to find out Nordic Capital and OTPP's value creation plans for the company. Organic growth Baird Capital has sold a stake in Subsea Technology & Rentals (STR), a subsea sensor equipment and services provider. Read the premium version of the Wire to find out additional details on STR’s growth under Baird Capital. Property platform Ardian has expanded its self-storage platform in France by acquiring a self-storage company in the Occitanie region. Subscribe to the premium version of the Wire for more details. Prioritizing safety Main Capital Partners portfolio company Sensire has acquired a Danish staff safety software provider. Find out more in the premium version of the Wire. That’s it from me. Obey Martin Manayiti will be with you in the New York morning with the US edition and Nina Lindholm will deliver the Europe edition of the Wire. Warmly, Irien Read the full Wire commentary on PE Hub ... |