News
Altor and Triton to divest majority stake in OptiGroup to FSN

On December 21, Altor Fund II (“Altor”) and Triton Fund II (Triton) announced that they have agreed to divest the majority of its current holding in OptiGroup to a holdco controlled by FSN Capital VI (FSN). Altor, Triton and RoosGruppen will retain a minority holding in the company.

Headquartered in Mölndal, Sweden, OptiGroup has developed into a leading European business-to-business distributor of business essentials. OptiGroup provides solutions and products within facility, safety, foodservice, industrial packaging, paper and business supplies. OptiGroup’s companies support more than 90,000 customers in 16 countries across Europe.

“We are proud of what OptiGroup has become after 14 years of hard work with transformative acquisitions, divestments and operational efficiency. Today OptiGroup is a leading diversified distributor of business essentials and we believe the company will continue to grow within its core segments. We have greatly enjoyed working with a very dedicated and entrepreneurial management team as well as with Triton and RoosGruppen to support the company on this transformative journey. We are happy to pass the baton to FSN who we believe are very well positioned to take the company to the next level and are excited to retain a minority ownership” says Bengt Maunsbach, Partner at Altor.

”OptiGroup as it looks today is the product of many years of hard work to reposition the company to become a Nordic B2B distribution champion within business essentials. We believe it is now ready to take the next step, under FSN’s ownership, to continue and accelerate this journey towards becoming a pan-European champion supported by strong underlying market growth and a clear add-on agenda. We have enjoyed working together with the management team and now look forward to continue supporting the company as minority shareholders together with our existing partners Altor and RoosGruppen” says Sebastian Lapinski, Investment Advisory Professional at Triton.

OptiGroup’s current management team will continue to lead the company on this next leg of the journey.

“We are very proud of the transformation achieved during the partnership with Altor, Triton and RoosGruppen. The industry has gone through very turbulent times and our ability to always think and act long-term has put us in the great position we are in today. The commitment from our owners have been essential and we are excited about the plans going forward with FSN and very happy that Altor, Triton and Roos-gruppen will continue to be shareholders” says Søren Gaardboe, CEO of OptiGroup.

The parties have agreed not to disclose financial details of the transaction, which remains subject to customary regulatory approvals.

Jefferies and Carnegie acted as financial advisers on the transaction.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, tor.krusell@altor.com, +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 75 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Oceans Apart, Rossignol, Norican Group, PIAB and Gunnebo. For more information visit www.altor.com.

Author: Katarina Karlsson
Date: 2021.12.21
Categories: News

Altor and SMS Group to jointly invest in KAEFER for a 50% shareholding

Altor Fund V (“Altor”) and SMS Group have jointly signed an agreement to invest in KAEFER Isoliertechnik GmbH & Co. KG (“KAEFER”) for a 50% shareholding. Altor partners with family- owned SMS and the family shareholders of KAEFER to support the continued internationalization and excellence programs at KAEFER. KAEFER holds a leading position as a...

Altor acquires a significant minority stake in Svea Solar – continuing its growth in climate transition investments

Altor Fund V (“Altor”) has signed an agreement to acquire a significant minority stake in Svea Solar and enter into a partnership with the founders and management to support the continued growth of the company. The founders Erik Martinson and Björn Lind will continue in their roles as CEO and Head of Operations and remain...