- Maizels, Westerberg & Co.
-
Maizels, Westerberg & Co. Type Limited Company Industry Financial services Founded 1992 Headquarters London, Stockholm, Helsinki & Oslo Products corporate finance, mergers, acquisitions and divestitures Maizels, Westerberg & Co. (MW & Co.) was a leading independent investment banking firm, specialising in major corporate finance transactions in the Nordic countries. The major focus of the firm was owner driven transactions, restructurings, mergers, acquisitions and divestitures.
Contents
Overview
The firm was established by six former employees of Enskilda Secusrities: Spencer Maizels, Sten Westerberg, Mark Florman, Peter Wikström, Tomas Söderström & Jonas de Verdier. Sten Westerberg had been under-secretary of state at the Ministry of Finance (Sweden) and had strong government connections. Spencer Maizels was the company's first CEO, but died aged just 43 in 1995. He was succeeded by Mark Florman, who had been one of the driving forces behind the establishment of the firm.
History
Maizels, Westerberg & Co. was often described as a "corporate finance boutique". The term belies the position the firm had as a leading player in the Nordic mergers and acquisitions market. The Volvo/Procordia deal, which was the largest demerger in the history of Sweden, got the firm off to a running start. The emergency restructuring resulting in the sale of four unwanted subsidiaries belonging to the Swedish co-operative KF (Kooperativa Förbundet) soon followed as did a string of high-profile deals.
At the end of 1999, Maizels, Westerberg & Co. was bought by the Finnish-Swedish bank Merita Nordbanken (now called Nordea). The resulting investment bank was named Maizels Merita Nordbanken and grew from 30 to 70 employees. The joint chief executives were Mark Florman and executive vice-president of Merita Nordbanken, Björn Carlsson. Nordbanken's M&A advisory team was demerged from the bank's Stockholm office and moved into Maizel's new office.
Associated Companies
References
- The Times, 20 September 1993
- Acquisitions Monthly, March 1995
- The Banker, April 1995
- Acquisitions Monthly, August 1996
- Acquisitions Monthly, August 1998
- Link Magazine May 1999
- The Sunday Business 20 June 1999
- The Sunday Business 4 July 1999
- Financial Times 15 October 1999
- Financial News 25 October 1999
- Acquisitions Monthly, November 1999
- Acquisitions Monthly, December 1999
- Corporate Money 8 December 1999
- Financial News 7 February 2007
- Acquisitions Monthly, August 2000
- Børsen 27 November 2000
Categories:- Companies established in 1992
Wikimedia Foundation. 2010.
