Mercer announced today that it has signed a definitive agreement to acquire Pensjon & Finans, a leading Norwegian-based investment and pension consulting firm. Pensjon & Finans was established in 1997 and has a solid market share in the institutional market both in the public and private sector.
Closing of the transaction is subject to regulatory approval and other conditions. Terms of the agreement were not disclosed.
The acquisition will give the existing clients of Pensjon & Finans access to Mercer’s broad range of services and at the same time the clients will be served by the same consultants and will enjoy the same high quality of services as in the past.
Espen Kløw, CEO of Pensjon & Finans, will take up the role as Head of Mercer Investment Consulting in Norway after the acquisition is finalised. Caspar Holter, the Founder of Pensjon & Finans, will continue at Mercer and serve his clients as of today.
“Mercer is a leader in global investment consulting and Pensjon & Finans has an outstanding reputation and impressive relationships in the Norwegian market,” said Nicolai Berg, Head of Mercer’s Nordic Investments business.
“Many institutions are requiring more specialist advice as well as global capabilities and the combination of resources of Mercer and Pensjon & Finans will ensure that our Norwegian clients will benefit from the acquisition,” said Mr. Berg.
“We believe our clients will realise that we can provide enhanced support and solutions because of the experience, resources and global reach that result from this combination. It will result in a substantial increase in manager research and due diligence capabilities, including implemented consulting expertise,” said Mr. Kløw. “Our client commitment and insights will be supplemented by the global reach, professionalism and resources of Mercer. Both Mercer and Pensjon & Finans have similar values and share a commitment to excellence and to the Norwegian market.”
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