Altor Fund II (”Altor”) announces the successful placement of 5,746,222 shares in Dustin Group AB (publ) (“Dustin”) through an accelerated book building process to a number of institutional investors. The shares represent approx. 7.5% of the votes and share capital in Dustin and were divested at a selling price of SEK 61.00 per share.
Following the transaction, Altor continues to own 1,900,000 shares or approx. 2.5% of the votes and share capital in Dustin. Altor’s remaining shares in Dustin will be subject to a lock-up period until 11 January 2017, subject to customary carveouts.
In 2006, Altor acquired a majority ownership in Dustin, founded by the Lundevall family in 1984. In February 2015, Dustin was listed on Nasdaq Stockholm and the company today has close to 6,000 shareholders.