Altor Fund III (Altor) announces the successful placement of 39,242,358 shares in SATS ASA (SATS), representing approximately 19.2% of the votes and share capital in SATS. The shares were divested through a club deal, at a selling price of NOK 18 per share for a total transaction size of approximately NOK 706 million.
In 2014, Altor and Tryghedsgruppen joined forces by bringing together the strongest and most respected brands in Nordic fitness with the goal to build a market in the Nordics.
“We have had a fantastic journey with the mangagement team and Tryghedsgruppen for the past 10+ years. We are impressed and proud of the many achievements and milestones that have been reached by the team at SATS. We are also thankful for the close partnership with Tryghedsgruppen all these years” said Tom Jovik, Principal at Altor.
