Altor Fund IV (Altor) today announced that it has acquired 6.4 million shares in Transcom WorldWide AB (publ) (Transcom) from Investment AB Kinnevik (Kinnevik). The shares are corresponding to 24.5% of the shares outstanding at a price of SEK 66 per share, or SEK 421m in total. This is the third acquisition in Altor Fund IV, a fund launched in July 2014 with Sweden as domicile.
Transcom is a global customer experience specialist, providing customer care, sales, technical support and credit management services through an extensive network of contact centres. Transcom employs 29,000 customer experience specialists at 54 centres across 23 countries, delivering services in 33 languages to over 400 international brands in various industry verticals. The company was founded in 1995 by Kinnevik and is listed on Nasdaq Stockholm under the ticker symbol TWW.
- We are impressed by the turnaround work Transcom has achieved during the last years and we look forward to supporting the company and its management on its continued journey, says Klas Johansson, Partner at Altor.
- Altor has positive experiences from developing companies in a public setting and will, as the largest shareholder in Transcom, propose candidates to the board of directors in the company.