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Altor acquires a minority stake in renewables developer OX2

Altor Fund V (“Altor”) has signed an agreement to acquire a 30% stake in OX2 AB (“OX2”) and to enter a partnership with Peas Industries AB (“Peas Industries”). Altor will support the company on its continued growth journey and to continue lead the shift to renewable energy in Europe. The founders through Peas Industries will…

Altor enters partnership with the entrepreneurs of Eleda

Altor Fund V (“Altor”) has signed definitive agreements to invest in a majority stake in Eleda Infra Services Group (“Eleda”) to support the entrepreneurs and management on the continued growth journey to create a leading infrastructure services group. As part of the transaction, Eleda acquires and partners with the entrepreneurs of Järfälla VA- & Byggentreprenad…

Altor to divest Ålö to JOST

Altor Fund III (“Altor”), Fort Knox Förvaring AB and Management Investors have today signed an agreement to divest Ålö Holding AB (“Ålö”), a world leader within material handling solutions in the agricultural industry to JOST Werke AG (“JOST”). JOST is a world leading supplier of systems to the Truck and Trailer Industry.

Altor and Curamando to build a digital transformation powerhouse with creative spearheads

STOCKHOLM – December 5, 2019 – Altor Fund V (Altor) has signed an agreement to partner with and invest in a newly formed digital transformation and creatives Group led by Curamando AB (Curamando). The Group will simultaneously be extended by the addition of Kurppa Hosk, Animal and Keybroker. Curamando has from the start differentiated itself…

Altor divests its shares in TGS-NOPEC Geophysical Company ASA

Altor Fund IV (“Altor”) has, following the close of trading at the Oslo Stock Exchange yesterday, divested its entire shareholding in TGS-NOPEC Geophysical Company ASA (“TGS”) through an accelerated book building process. The transaction marks the exit of Altor’s contrarian investment in Spectrum ASA (“Spectrum”) at year-end 2014 based on the investment thesis that the…

Altor and Stordalen new owners of Vinggruppen

Yesterday, the new ownership trio of the Ving Group was presented, it consists of Altor Fund V (Altor), Strawberry Group, controlled by Petter Stordalen and TDR Capital. The ownership group ensures a strong and long-term Nordic majority ownership of the Nordic business, consisting of 2,300 employees. Early Thursday morning, the deal could be formally closed,…

EnerSys to acquire NorthStar from Altor

EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has entered into an agreement to acquire N Holding AB, the parent company of NorthStar, from Altor Fund II. Headquartered in Stockholm with production in Springfield, Missouri, NorthStar designs, manufactures and distributes industrial premium batteries for the Telecom and Transportation segments. “In…

Altor divests Enhanced Drilling to Energy Ventures Private Equity

On July 15, the Altor 2003 Fund and Altor Fund II (jointly “Altor”) signed and closed the sale of Enhanced Drilling Holding AS (“Enhanced Drilling”) to Enhanced Well Technologies AS, a company owned and controlled by EV Private Equity and a major global oil company. EV Private Equity has been one of the most active…

Altor invests in XXL

XXL ASA (“XXL” or the “Company”) has agreed to sell its 3,096,274 XXL shares (2.23% of the outstanding shares in the Company) held in treasury (the “Treasury Shares”) to Altor Invest 5 AS and Altor Invest 6 AS at a price of NOK 25.00 per share. Altor Invest 5 AS and Altor Invest 6 AS…

Altor acquires a majority stake and enters partnership with the founders of Gummigrossen and RengasDuo

Altor Fund IV (“Altor”) has signed an agreement to acquire a majority stake in Gummigrossen i Örnsköldsvik AB (“Gummigrossen”) and RengasDuo OY (“RengasDuo”) from the founders including Mats-Ove Eriksson, Torsten Pettersson and Magnus von Haartman. The founders will remain as significant shareholders of the company and continue in their respective operational management roles. Gummigrossen and…

Altor enters partnership with the founders of iDeal of Sweden

Altor Fund IV (“Altor”) has signed an agreement to acquire a majority share in the fast-growing Swedish consumer brand iDeal of Sweden from the current owners including founders Joachim Lindström and Filip Ummer. The founders and eEquity will remain as significant shareholders of the company and the founders will continue in their operational roles as…

Partner Promotion

Altor Equity Partners is happy to announce that Petter Samlin has been promoted to Partner. Petter joined Altor in 2006 and he currently works on our investments in LRF Konsult, Carneo and Wrist Ship Supply. In addition he has also in the past contributed to the development of companies such as Carnegie Investment Bank and…

Spectrum to be acquired by TGS in an all share transaction

TGS-NOPEC Geophysical Company ASA (“TGS”) has agreed on the principle terms for an acquisition of Spectrum ASA (“Spectrum”), creating the world’s leading provider of multiclient seismic data. The transaction is expected to be completed as a share-for-share merger with the consideration to Spectrum shareholders in the form of 0.28x ordinary shares of TGS for each…

Altor completes successful fundraising for Fund V

Altor has closed its fifth fund, Altor Fund V. The Fund held a single closing at its hard cap of EUR 2.5 billion after a brief fundraising period, where the Fund was substantially oversubscribed. Altor will continue investing in and developing mid‐market companies in the Nordic region but will also focus on opportunities in the…

Altor divests majority stake in Orchid Orthopedic Solutions to Nordic Capital

On January 21, Altor Fund III (“Altor”) announced that it has agreed to divest the majority of its current holding in Orchid Orthopedic Solutions (“Orchid”) to Nordic Capital Fund IX (“Nordic Capital”). Altor will retain a significant minority holding in the company. Altor has been the majority owner of Orchid since 2011. Headquartered in Holt,…

Altor promotes two new partners

Altor has since its inception in 2003 developed a strong track record from investing in and developing mid-sized companies from its Nordic offices. Many of these investments have opened new opportunities and interest from European businesses in similar industries. As a consequence, Altor’s presence in Europe has gradually increased. Hugo Maurstad has been based in…

Altor launches KonfiDents

On May 29th, Altor Fund IV (“Altor”) launched a group of dental clinics under the name KonfiDents. KonfiDents is a dental group where key opinion leaders in implantology, dental aesthetics and maxillofacial surgery are joining forces to provide and secure high-quality dental care and reshape the future of the German dental market. Altor has signed…

Altor enters into partnership with Gnist

On May 1st, Altor Fund IV (“Altor”) signed an agreement to enter into a partnership and acquire a majority of the Norwegian preschool chain Gnist Barnehager AS (“Gnist”) from founders and owners Kjersti and Bjørn Grønmyr. Kjersti and Bjørn will continue to stay active and own a minority stake in the company. Gnist is a…

Altor to acquire Trioplast

On March 29th, Altor Fund IV (“Altor”) signed an agreement to acquire the leading European manufacturer of sustainable and high-tech plastic film, Trioplast Industrier AB (“Trioplast”). Altor and key executives in the management team will own 100% of the shares. Trioplast is a leader within recycling of used plastics and the use of renewable raw…

Partner Promotions

Altor Equity Partners is happy to announce three Partner promotions; Thomas Kvorning, Andreas Källström Säfweräng and Maria Tallaksen. Thomas joined Altor in 2007, and currently works on our investments in Haarslev, Hamlet Protein, Norican and Tresu, in addition to contributing to the development and divestment of previous companies such as Sonion and FMD. Andreas joined…

Altor acquires a minority stake in O’Learys

On March 14th, Altor Fund IV (“Altor”) signed an agreement to acquire a minority stake in the restaurant and entertainment chain, O’Learys Holding AB (“O’Learys”). O’Learys is the leading chain of sports-themed and entertainment focused restaurants in Europe with approximately 130 restaurants across the world and a combined turnover of 2,3 billion SEK. “We wanted…

Altor enters partnership with LRF – acquires a majority stake in LRF Konsult

On March 7th, Altor Fund IV (“Altor”) signed an agreement to acquire a majority ownership in the largest accounting and consulting firm in Sweden, LRF Konsult AB (“LRF Konsult”). LRF Konsult offers services within accounting, payroll, tax, business advisory, law and property brokerage to a broad range of clients and has 75,000 clients and 1,400…

Altor appoints tech advisory board to strengthen portfolio companies and sourcing processes

Altor has over the last years gradually spent more time and resources on tech and its implications on business. During 2017, Altor took the next step by appointing and implementing a tech advisory board. This board has two primary functions; to actively support existing portfolio companies and to take an active role in the sourcing…

Altor to acquire FH Gruppen

On February 27, Altor Fund IV (“Altor”) signed an agreement to acquire a majority stake in FH Gruppen AS (“FH Gruppen”), the leading manufacturer of holiday homes and houses in Norway, from founder Torbjørn Kaarud and a group of minority shareholders. FH Gruppen consists of subsidiaries, Familiehytta, Telemarkhytter, Nordlyshytter, Familiehus, FH Entrepenør, FH Utvikling and…

Altor to divest Norsk Gjenvinning to Summa Equity

Altor Fund III (“Altor”) has signed an agreement to divest Norsk Gjenvinning, Norway’s leading waste management company, to Summa Equity (“Summa”). Norsk Gjenvinning was acquired by Altor in 2011. Norsk Gjenvinning is the leading Norwegian waste recycler and provides services for all types of waste, operating along the whole value chain from collection through processing/recycling…

Lars Fromm new Head of Financing

Altor has hired Lars Fromm as new Head of Financing. Lars is currently at Danske Bank where he holds the position of Head of Loan Capital Markets Sweden. Lars will start at Altor during the first quarter of 2018.

Altor enters partnership with the founders of RevolutionRace

On October 18th, Altor Fund IV (“Altor”) has signed an agreement to acquire a significant minority ownership in the fast growing Swedish consumer brand, RevolutionRace, from the founders Pernilla and Niclas Nyrensten. The founders will remain as majority owners of the company and continue in their operational roles as CEO and Head of Product. RevolutionRace…

Shamrock Capital signs definitive agreement to become co-owner of BTI Studios through partnership with Altor

Major media and entertainment investors to back globally recognized localization company. The agreement with Shamrock Capital Advisors, LLC (“Shamrock”) comes hot on the heels of the sale of BTI Studios to Altor Fund IV (“Altor”) in July 2017. Shamrock has a rich history of investment in the media and entertainment sector, having been founded in…

Altor to divest major part of Constructor Group to Gonvarri Steel Services

Constructor Group AS (“Constructor Group”) is one of the largest providers of storage solutions in Europe. The Group markets its offering under the brands Constructor, Constructor Logistics, Bruynzeel, Kasten, Dexion and PSS. Constructor Group was acquired in 2007 by Altor Fund II (“Altor”). On the 4th of October, Altor signed an agreement to divest Constructor…

Altor to acquire BTI Studios

BTI Studios Holding AB (“BTI Studios”), a leading global localization player, is to be acquired by Altor Fund IV (“Altor”) from Carlyle European Technology Partners II. The sale and purchase agreement was signed on July 11, 2017. BTI Studios is one of the leading localization players globally, providing dubbing, subtitling and access services in over…

Altor to acquire Nordic Trustee

Nordic Trustee Holding ASA (“Nordic Trustee”), a leading provider of trustee services in the Nordic bond market, is to be acquired by Altor Fund IV (“Altor”). Altor acquires the company from a group of Nordic financial institutions, including DNB, Nordea, KLP, Storebrand, Skagen and Pareto, as well as other financial investors and fund management companies….

Altor to acquire Tresu Group

Tresu Group (“Tresu”), a leading manufacturer of high performance flexographic (“flexo”) inline printing machines, is to be acquired by Altor Fund IV (“Altor”). The Nordic Private Equity fund acquires the company from the current majority-owner Erhvervsinvest II K/S. The sale and purchase agreement was signed on May 11, 2017. Tresu Group is a highly specialized…

Change to the Boards of Altor 2003 Fund, Altor Fund II and Altor Fund III

Hannu Ryöppönen has expressed an interest to gradually reduce his portfolio of board assignments and he has therefore tendered his resignation to the Boards of Directors of Altor 2003 Fund, Altor Fund II and Altor Fund III, but Hannu will remain as Chairman on the Board of Altor Fund Manager AB, the fund manager of…

Altor AB has announced a recommended cash offer to the shareholders of Transcom

Altor AB, jointly owned by Altor Fund IV (No. 1) AB and Altor Fund IV (No. 2) AB, managed by Altor Fund Manager AB, has announced a recommended cash offer to the shareholders of Transcom WorldWide AB (the ”Offer”). The ordinary shares in Transcom are admitted to trading on Nasdaq Stockholm, Mid Cap. For full…

Altor divests 7.5% of the shares in Dustin

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…

Goldman Sachs Merchant Banking and Altor Fund IV to acquire Navico and Digital Marine Solutions from the Altor 2003 Fund

On July 12th Goldman Sachs Merchant Banking Division and Altor Fund IV signed an agreement to acquire Navico Holding AS (Navico) and Digital Marine Solutions Holding AS (Digital Marine Solutions), owner of Jeppesen Marine, from the Altor 2003 Fund. Navico is a leading provider of marine electronics to the recreational segment and is an innovative…

Altor divests Ferrosan Medical Devices to consortium of Nordic investors

Altor Fund III has signed an agreement to divest Ferrosan Medical Devices (“FMD”), a world-leading provider of gelatine-based topical haemostatic products, to a consortium of private investors. FMD was part of the Ferrosan Group that was acquired in 2005; in 2011 the consumer health business of Ferrosan was sold to Pfizer, while Altor Fund III…

Altor divests Curato to Aleris

On the 10th of June, Altor Fund III (Altor) signed an agreement to divest Curato Røntgen AS (Curato) – the number one private provider of radiology in Norway to Aleris, a leading private health-care company in Scandinavia. Curato is the largest private radiology (medical diagnostic imaging) supplier in Norway with 13 clinics across the country….

Altor to acquire Realia Group

Realia Group, the largest service provider in real estate management and brokerage services in the Nordic countries, is to be acquired by Altor Fund IV (Altor). The Nordic private equity fund acquires the company from the current majority owners Sponsor Fund III, Nordea, and Varma. The sale and purchase agreement was signed on June 1,…

Altor divests 5% of the shares in Dustin to Axel Johnson

Altor Fund II (”Altor”) has today sold 3 808 656 shares representing 5% of the share capital and votes in Dustin Group AB (”Dustin”) at SEK 58.50 per share to Axel Johnson AB through their wholly owned subsidiary AxMedia AB. Following this transaction, Altor owns 15% of the shares in Dustin. In 2006, Altor acquired…

Carnegie organization structure in place

As announced on September 30, 2015, Carnegie Fonder and Carnegie Asset Management will be brought together as two independent units to form a new asset management group. This asset management group which is legally formed as of April 20 2016, is yet to get it’s final name but will for the time being operate under…

Altor becomes the largest shareholder in Skandiabanken ASA

Altor Fund IV (“Altor”) acquires 26.6 million shares in the Norwegian online bank Skandiabanken ASA (“Skandiabanken”) from Livförsäkringsbolaget Skandia, ömsesidigt (“Skandia”) at NOK 46 per share, and becomes the largest shareholder in Skandiabanken with a 25% ownership interest. The acquisition is expected to be completed within the next couple of days. Skandiabanken’s business was launched…

Altor acquires Infotheek

Altor Fund IV (Altor) has acquired a majority stake in Infotheek International B.V. (Infotheek), the leading European IT distributor and reseller focused on end-of-life and refurbished IT products. Infotheek was founded in the Netherlands in 1991 and today has offices in eleven countries across Europe. The company has achieved a growth in excess of 25%…

Fredrik Strömholm steps down as partner at Altor – joins Board of Altor Fund IV

Fredrik Strömholm, one of the founders of Altor, has decided to wind down his engagement as Partner within Altor Equity Partners to focus on healthcare investments outside Altor. In conjunction with this Fredrik has accepted to be elected to the Board of Altor Fund IV. “Fredrik has been instrumental in the success of Altor“ Harald…

Altor to divest Piab to EQT

Altor Fund II (Altor) has signed an agreement to divest Piab to EQT Fund VII (EQT). Altor acquired Piab together with Peter and Jacob Tell from several other members of the Tell family nearly ten years ago. Peter and Jacob Tell will remain as owners together with EQT after the transaction. Piab has been a…

Ampco-Pittsburgh to acquire Åkers AB – Altor becomes shareholder of Ampco-Pittsburgh

Ampco-Pittsburgh Corporation (Ampco-Pittsburgh) announced yesterday that it entered into a definitive agreement to acquire Åkers AB and certain of its affiliates (Åkers). Altor Fund II (Altor) will become a significant shareholder of Ampco-Pittsburgh following the closing of the transaction. The combined group is expected to become a world leader within the rolls industry with respect…

Altor sells 4% of shares in Dustin to institutional investors

Altor Fund II (”Altor”) has today sold 3,000,000 shares, representing 4% of the share capital and votes, in Dustin Group AB (”Dustin”) to a limited number of institutional investors. Following this transaction and the sale of shares yesterday to Axel Johnson AB, Altor owns 15,254,878 shares in Dustin (20% of the share capital and votes)…

Sale of shares in Dustin

Altor Fund II (”Altor”) has today sold 7,617,312 shares, representing 10% of the share capital and votes, in Dustin Group AB (”Dustin”) to Axel Johnson AB. Following this transaction, Altor owns 18,254,878 shares in Dustin (24% of the share capital and votes). In 2006, Altor acquired a majority ownership in Dustin, founded by the Lundevall…

Carnegie creates two market-leading players – Björn Jansson new CEO of Carnegie Investment Bank

Carnegie will be split into a streamlined private and investment bank (Carnegie Investment Bank), with Carnegie Fonder and Carnegie Asset Management brought together as two independent units to form a new asset management group. In recent years Carnegie as whole has built strong market positions and good profitability in its operational areas. Now, the intention…

Orchid acquires Alhenia – Strengthens role as global coating leader

Orchid Orthopedic Solutions (Orchid), which in 2011 was acquired by Altor Fund III, is pleased to announce it has acquired Alhenia AG, a leading provider of coated implants to orthopedic device manufacturers. The combination of Alhenia and Orchid further strengthens Orchid’s position as the leading orthopedic coating company by adding new and novel coating technologies,…

Altor and Bain Capital sell EWOS to Cargill

Altor Fund III (Altor) and Bain Capital Europe III (Bain Capital) sell EWOS to Cargill inc. (Cargill). EWOS is a world-leading fish feed producer holding around one third of the market for salmon feed. The transaction values EWOS at EUR 1.35 billion. Altor and Bain Capital acquired EWOS from Cermaq in 2013 and established it…

Altor has sold remaining ownership in Helly Hansen

On 9 August 2012, Altor Funds (“Altor”) divested the majority of its investment in Helly Hansen to Ontario Teachers’ Pension Plan Board (“OTPP”). On 17 July 2015, Altor sold the remaining shares in Helly Hansen to OTPP.

Altor to sell remaining shares of Lindorff

On July 18 2014, Altor Funds (Altor) divested the majority of its investment in Lindorff to Nordic Capital. On June 25 2015, Altor sold the remaining shares of Lindorff to Nordic Capital.

Altor and Goldman Sachs Merchant Banking Division to acquire Hamlet Protein

Altor Fund IV and Goldman Sachs Merchant Banking Division partner to acquire the majority of Hamlet Protein from Polaris Private Equity and the founder of the company, Ole K. Hansen. Hamlet Protein is a global provider of soy-based protein solutions used in high value-add animal feed for young animals. The company services more than 50…

Altor becomes the largest shareholder in Transcom

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…

Final price in Dustin Group’s initial public offering set at SEK 50 per share – trading on Nasdaq Stockholm commences today

For more information, visit http://dustingroup.com/en/financial-press-releases

Initial public offering of Dustin Group on Nasdaq Stockholm

For more information, visit http://dustingroup.com/en/financial-press-releases

Altor acquires Norican

Altor Fund IV (Altor) has signed a binding agreement to acquire a majority of the shares in the leading metallic parts enhancement company Norican Holdings ApS (“Norican”). Norican is a global company with more than 2,200 employees headquartered in Taastrup, Denmark. The company also has a divisional headquarter in Altrincham, UK and production in Denmark,…

Altor Fund IV makes its first investment: acquires significant ownership stake in Spectrum ASA

Altor Fund IV has on December 17 acquired 10 million shares in Spectrum ASA corresponding to 23.3% of the shares outstanding. Altor has through this acquisition crossed the 20% threshold. This is Altor Fund IV´s first investment. Altor considers Spectrum to be a very well positioned and reputable seismic service provider with a strong team,…

Altor to divest its shares in Eltek ASA to Deltronics (Netherlands) B.V.

The Board of Directors of ELTEK ASA recommends the voluntary cash offer from Deltronics (Netherlands) B.V. (Delta), a wholly owned subsidiary of Delta Electronics, Inc. Altor Fund III (Altor) and other large shareholders representing in total 76.6 % of the shares have irrevocably accepted the offer. Prior to this transaction Altor hold 32 % of…

Altor divests Apotek Hjärtat – Sweden’s largest private pharmacy chain, to ICA Gruppen

ICA Gruppen will acquire 100 % of Apotek Hjärtat from Altor Fund III (Altor) and the minority owners. Apotek Hjärtat was established after the de-regulation of the pharmacy market in Sweden in 2009 when Altor’s third fund acquired more than 200 pharmacies from the Swedish government. Since then Apotek Hjärtat has also acquired Apotek1 and…

OW Bunker files for bankruptcy

On November 6 2014 OW Bunker announced that the two subsidiaries of OW Bunker; O.W. Bunker & Trading A/S and O.W. Supply & Trading A/S filed for restructuring. Altor Fund II, the largest shareholder of the company with 35 % of the shares, immediately provided funds to enable the restructuring analysis but today, November 7…

Commencement of in-court restructuring procedure in two subsidiaries of OW Bunker

Altor Fund II (Altor) acquired OW Bunker in August 2007. During Altor’s ownership the company’s sales and net profit have increased consistently and substantially. On March 28 2014, OW Bunker was listed on NASDAQ OMX Copenhagen and Altor went from holding 93 percent of the shares to owning 35 percent of the shares (post listing)…

AGR Acquired by Silverfleet Capital

For more information, visit http://www.agr.com/news/agr-acquired-by-silverfleet-capital

The Altor Funds and Investor to divest the majority of Lindorff to Nordic Capital

The Altor Funds (Altor) and Investor have signed an agreement to divest the majority of their holdings in Lindorff to Nordic Capital for an enterprise value of EUR 2.3bn, of which a conditional shareholder note of EUR 200 million. Lindorff was acquired by Altor in 2004. In 2008, Investor AB acquired 50% of the company….

Altor Fund III to divest micro acoustic supplier Sonion A/S to international life-science investor Novo A/S

Copenhagen, July 15, 2014: Sonion, a global leader in micro acoustic technologies for hearing instruments, in-ear earphones and specialty headsets, today announced that Novo A/S (“Novo”), the holding company in Novo Group, has entered into a definitive purchase agreement with Altor Fund III (“Altor”) for all the shares in Sonion. The acquisition enables Sonion to…

Altor completes successful fundraising for Fund IV

Altor has in record time closed its fourth fund, Altor Fund IV, at its target and hard cap of EUR 2,000 million, with significant additional interest from investors. Altor maintains its focus on developing mid-market companies in the Nordic region. The fund will be domiciled in Stockholm, Sweden. The vast majority of the capital has…

Apotek Hjärtat starts preparation for possible listing on the Stockholm Stock Exchange

For more information, visit http://www.mynewsdesk.com/se/apotek-hjartat/pressreleases/apotek-hjaertat-startar-foerberedelser-foer-en-notering-paa-nasdaq-omx-stockholm-1012251 This notice does not constitute the offer of any securities for sale in any jurisdiction. The information contained in the linked pages does not form a part of Altor’s website.

Willis new majority owner in Max Matthiessen

Willis Group Holdings acquires a majority of the shares in Max Matthiessen and becomes new principal owner of the company. After the acquisition, Max Matthiessen goes from being a Swedish company with 23 offices and 400 employees to being part of a global network of 400 offices and 18 000 employees. – Willis will become a…

Ulrika Werdelin new Board Member of Altor Funds

Altor was founded in 2003 and since inception, the Altor Funds have invested in close to 40 companies. Altor Funds today consist of three funds with a committed capital of EUR 3,800 million. Denis Viet-Jacobsen was one of the founders of Altor and has been on the Board of Directors of the three Altor Funds…

Altor sells its holding in Byggmax

Altor 2003 Fund (”Altor”) has sold its entire holding of 11,920,908 shares, corresponding to 19.6% of the shares in Byggmax Group AB (”Byggmax”). The transaction was completed through an accelerated bookbuilding to Swedish and international institutional investors at a price of SEK 53.50 per share (“the placing”). Following the placing, Altor does not own any…

OW Bunker prices its Initial Public Offering at DKK 145 per offer share

For more information, visit http://owbunker.com/investor/

OW Bunker contemplates listing on NASDAQ OMX Copenhagen

For more information, visit http://owbunker.com/investor/

Skatteverket och Altor Equity Partners AB, upptaxering 2009-2011

Skatteverket har meddelat att de har beslutat att upptaxera Altor Equity Partners AB för inkomstår 2009-2011 med sammanlagt SEK 270 miljoner plus skattetillägg. Altor Equity Partners bestrider denna upptaxering och väljer därför att överklaga beslutet. Frågan kommer därmed att avgöras i domstol. Sakfrågan gäller hur beskattning ska ske av den vinstdelning som sker mellan investerare…

Sales of shares in Byggmax

Altor 2003 Fund (”Altor”) and Fredrik Cappelen, Chairman of the Board of Directors in Byggmax have together sold 16.5% of the shares in Byggmax Group AB (”Byggmax”) through an accelerated bookbuilding to Swedish and international institutional investors at a price of SEK 50 per share (“the placing”). The investor demand to acquire shares in Byggmax…

EWOS becomes independent and is set for growth

November 1 marks a new chapter for EWOS, the world’s leading salmon feed supplier. With Altor Fund III (“Altor”) and Bain Capital as its new owners, EWOS is now an independent company prepared for strong growth. The private equity companies Altor and Bain Capital agreed with Cermaq in July to acquire EWOS. November 1 marks…

Altor aquires Curato

Funds managed by CapMan have signed an agreement to sell Curato AS, a leading provider of medical imaging services in Norway to Altor Fund III. Curato provides medical imaging (radiology) services in Norway and its main customers are the Regional Health Authorities, as well as health insurance companies and private individuals. The company has a…

Altor and Bain Capital to acquire EWOS

Altor Fund III (“Altor”) and funds advised by Bain Capital Europe, LLP (“Bain Capital”), have agreed to acquire EWOS from Cermaq ASA, valuing the business at NOK 6.5 billion (Enterprise Value) Altor and Bain Capital look forward to working with EWOS’ management team to further develop its world leading fish feed business. While EWOS has…

Altor to acquire Rossignol Group

Altor Fund III (“Altor”) has entered into an exclusive process with the intention to acquire a majority stake in Rossignol Group (“Rossignol”), the world’s second largest ski equipment player. Rossignol is the owner of six leading winter sport brands; Rossignol and Dynastar skis, Look bindings, Lange boots, Kerma poles and Risport figure skates. Rossignol in…

Altor and Bain Capital submit offer to Cermaq ASA for EWOS

Altor Fund III GP Limited (“Altor”) and Bain Capital Europe, LLP (collectively, “Bain Capital”), have submitted an offer to Cermaq ASA for EWOS, valuing the business at NOK 6.2 billion (Enterprise Value), with the intent to sign definitive agreements by mid-July. Altor and Bain Capital have followed the aquaculture industry for several years, and see…

Elixia, SATS, and Fresh Fitness to be combined into the largest Nordic health and fitness group

TryghedsGruppen and Altor have joined forces by bringing together the strongest and most respected brands in Nordic fitness. The merger of SATS, Elixia and Fresh Fitness will strengthen the companies’ offering and geographical coverage. Altor Fund III and the Elixia shareholders will own 51%of shares in the combined entity, and TryghedsGruppen will own 49%. The…

Skatteverket och Altor Equity Partners AB

Skatteverket har idag meddelat att de har beslutat att upptaxera Altor Equity Partners AB för inkomståret 2008 med sammanlagt drygt 153 miljoner SEK samt skattetillägg. Altor Equity Partners bestrider denna upptaxering och väljer därför att överklaga beslutet. Frågan kommer därmed att avgöras i domstol. Sakfrågan gäller hur beskattning ska ske av den vinstdelning som sker…

Altor divests Euro Cater to reinvesting managers and ICG

Altor Fund II GP limited (“Altor”), EuroManaCo (the current investment vehicle of Euro Cater employees) and inco Amba have signed a definitive agreement to sell Euro Cater, a Nordic leader within food service, to a group of reinvesting employees that have entered into a partnership with Intermediate Capital Group plc (“ICG”). Altor Fund II GP…

Altor Fund II increases ownership of Åkers

The Åkers Group is the world’s leading producer of high quality cast and forged rolls for the steel and aluminum industries. Altor Fund II (“Altor”) acquired Åkers in July 2008. The previous owner, STC Interfinans, retained a minority stake. Åkers performance has not been up to plan and Altor has decided to make an equity…

Altor appoints Tor Krusell as Head of Communications

Tor Krusell has 25-years’ experience across different industries, mainly within Communicatons, Information and Marketing. Tor’s most recent position was as Executive Vice President of the construction group Skanska. “We wish to strengthen our communication competence within Altor and we are pleased that we have succeeded in attracting Tor to this mission” says Harald Mix, CEO at Altor Equity Partners. “It is with…

Altor Fund II divests majority stake in Helly Hansen to OTPP

Altor Fund II (“Altor”) has signed an agreement to sell a majority stake in Helly Hansen Group AS to Ontario Teachers’ Pension Plan Board (“OTPP”) and will retain 25% ownership. Headquartered in Norway, Helly Hansen designs, develops and markets stylish and high performance technical apparel. Helly Hansen currently operates three divisions; Sport Wholesale, Sport Retail…

Altor divests world leading food equipment producer Meyn to CTB, Inc., a subsidiary of Berkshire Hathaway Inc.

Altor 2003 Fund (”Altor”) has reached an agreement to sell Meyn Holding B.V., parent company to Meyn Food Processing Technology B.V. (“Meyn”), the global leading poultry processing solutions company, to CTB, Inc. (“CTB”), a subsidiary of Berkshire Hathaway Inc., and a leading designer, manufacturer and marketer of agricultural systems and solutions. Headquartered in The Netherlands,…

Schlumberger Announces Agreement to Acquire SPT Group

Industry-Leading Multiphase Flow Modeling Software Enhances Software Portfolio for the Production Domain Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for…

Odin Equity divesting cleantech business Haarslev Industries to Altor

Earlier today, Altor (Altor Fund III GP Limited) signed a binding agreement to acquire a majority interest in Haarslev Industries A/S. Odin Equity Partners is the selling majority shareholder. The CEO of Haarslev Industries, Claus Østergaard Nielsen, will stay on as co-owner and chief executive of the company. Founded in 1973, Haarslev Industries is a…

Altor kommer föreslå konvertering av aktieägarlån i Apotek Hjärtat

Altor tar fasta på den senaste tidens diskussioner och kritik kring ränteavdrag på aktieägarlån i apoteksbranschen och kommer att föreslå en konvertering av aktieägarlånen i Apotek Hjärtat till vanliga aktier. ”Vi gick in i apoteksbranschen 2010. Vårt beslut fattades med ett stort mått av respekt för det samhällsuppdrag som apoteksverksamheten har, med stora skyldigheter gentemot…

Altor acquires Orchid Orthopedic Solutions

Altor Fund III (“Altor”) has signed an agreement to acquire Orchid Orthopedic Solutions (“Orchid”) from Churchill Equity (“Churchill”). Orchid is a world-wide leading supplier of design and manufacturing services of implants and instruments for the orthopedic and dental markets. Orchid is a world-wide leading supplier of design and manufacturing services of implants and instruments for…

Altor acquires Ålö

Altor Fund III GP Limited (“Altor”),has signed an agreement with 3i and Balticgruppen to acquire ÅlöIntressenter AB (“Ålö”), the Global leader in agricultural front loaders. Ålö produces agricultural front loaders and implements under the brands Quicke, Trima, VETO and Force, and furthermore supplies front loaders to most tractor manufacturers globally. The company is based in…

Altor acquires CTEK Creator Group

Altor Fund III (“Altor”) has signed an agreement to acquire CTEK Creator Group (“CTEK”), the world leading advanced switch mode battery charger company from FSN Capital. CTEK is the world’s premier provider of advanced switch mode battery chargers and ancillary equipment. From its base in Vikmanshyttan, Sweden, CTEK has developed battery chargers that continuously become…

Altor acquires ELIXIA

Altor Fund III (“Altor”) has signed an agreement to acquire ELIXIA Holding II AS, the leading health & fitness chain in the Nordic region, from Norvestor and its other owners. “ELIXIA has demonstrated a strong track record of profitable growth. We look forward to continue developing the business with Altor as the new owner” commented…

New Danish partner at Altor Equity Partners

Søren Johansen, who has been with Kromann Reumert for 22 years, since 2007 as Managing Partner, takes over responsibility for Altor Equity Partners’ activities in Denmark. He succeeds Denis Viet-Jacobsen, who has moved abroad for family reasons. Denis Viet-Jacobsen will continue to be associated with Altor as a non-executive director of the Altor funds. Søren…

Altor acquires E.ON ES

Altor Fund III (“Altor”) has signed an agreement to acquire 90.5% of E.ON ES (“ES”), Sweden’s leading engineering and contracting company within services to the energy industry, from E.ON Sverige AB E.ON ES is a leading engineering and contracting company within services related to production and distribution of energy and related services. E.ON ES originates…

Altor acquires Veolia Miljø

Altor Fund III (“Altor”) has signed an agreement to acquire Veolia Miljø AS, Norway’s leading environmental services provider, from Veolia Propreté in France Veolia Miljø is Norway’s leading environmental services provider and offers a wide range of sustainable waste management and recycling solutions, working with businesses, industry and local authorities across the country from more…

Altor sells Ferrosan Consumer Health to Pfizer Inc.

Altor has signed a definitive agreement to sell Ferrosan Consumer Health (“FCH”), a leading science-based consumer health company in the Nordic region, to Pfizer Inc. (“Pfizer”). Founded in 1920, Ferrosan is a consumer health company with a long-standing pharmaceutical heritage. With its global headquarters located in Soeborg outside of Copenhagen, Ferrosan today employs c. 750…

Altor and LD Equity sell Aalborg Industries to Alfa Laval

Altor 2003 Fund (“Altor”) and LD Equity 1 K/S (“LDE”) have signed a definitive agreement to sell Aalborg Industries, a global market leader in marine and landbased energy and environmental solutions, to Alfa Laval, the world’s premier specialist in heat transfer, centrifugal separation and fluid handling. Denis Viet-Jacobsen, Partner of Altor Equity Partners, comments: “during…

Altor acquires significant ownership stake in Eltek

(Oslo, 9 November 2010) Altor Fund III (“Altor”) has acquired 54,339,701 shares in Eltek ASA, through Ketlav Invest AS, representing 16.5 per cent of the outstanding shares in the company. Altor has a positive view on the long term potential of Eltek despite the company’s short term strategic and financial challenges. Altor is looking forward…

Altor acquires over 200 pharmacies under the brand Apotek Hjärtat

Altor Fund III has signed an agreement with Apotekets Omstrukturerings AB to acquire Cluster 1 and 8 from Apoteket AB, in total over 200 pharmacies. The acquired pharmacies will form the new Swedish pharmacy retail chain Apotek Hjärtat. Apotek Hjärtat will from the outset be the largest independent pharmacy retail chain in Sweden. The Swedish…

Altor Sells PaloDEx to Danaher

Altor has signed a definitive agreement to sell PaloDEx to Danaher Corporation. Altor acquired the dental imaging assets from GE as a carve-out of non-core assets in September 2005 and formed a leading dental imaging company named PaloDEx. Jaakko Kivinen, Partner of Altor Equity Partners, comments: 
“During Altor’s ownership, the objective has been to establish…

Altor Acquires Pulse Medtech (formerly Sonion Hearing Instrument Components) from Technitrol Inc. (NYSE: TNL)

Altor Fund III (“Altor”) has signed an agreement to acquire the Pulse Medtech Group (“Pulse Medtech” or the “Company”), a global leading manufacturer of components for hearing aids and medical devices, from Technitrol Inc. (NYSE: TNL) (“Technitrol”). Pulse MedTech is a global leader in the design of advanced miniature components and solutions for hearing instruments…

Altor and Bure assume ownership of Max Matthiessen

Today, all shares in Max Matthiessen Holding AB were transferred to Altor and Bure. The Swedish Financial Supervisory Authority has granted the required permits in the owner evaluation. The Swedish National Debt Office reached an agreement on February 11, 2009 regarding the sale of the shares in Max Matthiessen Holding AB to Altor Fund III…

Altor and Bure assume ownership of Carnegie Investment Bank AB

Today, all shares in Carnegie Investment Bank were transferred to Altor and Bure. The Swedish Financial Supervisory Authority and the appropriate authorities in the countries in which Carnegie is active have granted the required permits in the owner evaluation. The Swedish National Debt Office reached an agreement on February 11, 2009 regarding the sale of…

Altor and Bure Acquire Max Matthiessen from the National Debt Office

Altor Fund III and Bure Equity AB have signed an agreement to acquire Max Matthiessen Holding AB (“Max Matthiessen” or the “Company”), the leading independent Swedish adviser within pension insurance, life insurance and long-term savings, from the Swedish National Debt Office (the “National Debt Office”). As part of the transaction, key employees of Max Matthiessen…

Altor and Bure Acquire Carnegie from the National Debt Office

Altor Fund III and Bure Equity AB have signed an agreement to acquire Carnegie Investment Bank AB (“Carnegie” or the “Company”), a leading independent Nordic investment bank, from the Swedish National Debt Office (the “National Debt Office”). • The strategic objective of Carnegie is to be the leading independent investment bank in the Nordic region • The…

Altor Equity Partners strengthens its team with Anders Bierke as Head of Financing

Following the successful closing of its third fund, Altor Fund III with committed capital of EUR 2 billion and a more flexible and wider investment mandate, Altor Equity Partners is pleased to announce the recruitment of Anders Bierke, former Local Head of Acquisition Finance at SEB in Stockholm, to further strengthen the Altor team. Anders…

Successful closing of Altor Fund III

Five years after its foundation Altor has successfully held a first and final close of its third fund, Altor Fund III, at its target and hard cap of € 2,000 million, despite somewhat turbulent fundraising markets. Over 50 investors have committed to the fund and ~ 95 % of the fund was raised from existing…

Investor acquires 50 percent of Lindorff

Investor has agreed to acquire 50 percent of Lindorff Group AB (“Lindorff”) and entered into a partnership agreement with Altor at an enterprise value of EUR 1,160 million. Lindorff will be purchased through an acquisition company equally controlled by Investor and Altor. Lindorff’s management will also invest in the company. Investor will include Lindorff in…

Altor acquires the Åkers Group

Altor Fund II (“Altor”) has signed a binding agreement with STC Interfinans to acquire the Åkers Group. The new owners intend to accelerate the company’s global expansion, particularly in the emerging markets, during the coming years and to reinforce Åkers’ position as global market leader within rolls for the steel industry Altor today announced the…

Altor increases ownership in AGR to 76.6% after expiration of mandatory offer

Altor Oil Service Invest AS (Altor), a company controlled by Altor 2003 fund and Altor fund II, issued a mandatory offer on March 5 this year for all outstanding shares in AGR Group ASA at NOK 40 per share. The offer period expired yesterday at 16h30 and Altor received acceptance for 19 781 323 shares,…

Altor acquires Papyrus to drive growth

Today Altor has signed a binding agreement with Stora Enso to acquire Papyrus. The new owners aim at growing the company during the coming years and develop a European market leader in paper and packaging distribution. Altor today announced the acquisition of Papyrus, Stora Enso’s wholly-owned paper and packaging merchant. Supported by Altor, Papyrus will…

Altor Oil Service Invest AS acquires 11.7% of AGR, holds in total 42.9%

Altor Oil Service Invest AS (the “Company”), a newly established company controlled by Altor 2003 fund GP Limited and Altor Fund II, has acquired 8,209,147 shares in AGR Group ASA (“AGR”), at a price per share of NOK 40. The Company (together with related parties) now owns a total of 30,180,475 shares in AGR, representing…

Altor plans to increase its ownership in AGR Group ASA

Altor Oil Service Invest AS, a newly established company controlled by Altor 2003 fund and Altor fund II (the Company), announces today that it would like to increase Altor’s ownership in AGR. The Company has mandated SEB Enskilda AS to purchase 13,367,700 shares corresponding to approximately 19.0% of the shares outstanding in AGR Group ASA…

Altor acquires Aker Material Handling

Altor Fund II (“Altor”) has entered into an agreement to acquire Aker Material Handling (AMH), a pan-European provider of storage solutions for industrial and commercial use, from Aker ASA. AMH develops, manufactures and markets storage, archiving and logistic solutions for use in factories, warehouses, distribution centers and a range of other applications. AMH is divided…

Altor completes acquisitions of Q-Matic and QM Group

Altor has today completed the acquisitions of Q-matic and QM Group in accordance with the earlier press releases. For further information, please contact Fredrik Strömholm, +46 8 678 91 00 About Altor: Altor invests in medium sized companies in the Nordic region. Altor is advised by Altor Equity Partners and focuses on value creation through…

Altor to acquire Northstar Battery Company

The rapidly growing, global manufacturer of high performance batteries and standby power systems, NorthStar Battery Company, has entered into an agreement to be acquired by the Nordic private equity fund Altor Fund II. NorthStar, which was founded in 2000, has rapidly become one of the leading global producers of high performance, lead-acid batteries and has…

Claes Ekströms joins Altor Equity Partners AB

Claes Ekström, Senior Director of McKinsey & Company, is joining Altor Equity Partners AB as a partner later in June. “Altor is focusing on building world class companies, and Claes’ experience from working with leading companies in formulating winning strategies and implementing initiatives to build operational excellence will be a great asset to Altor and…

Altor acquires Q-matic

Altor Fund II (“Altor”) has entered into an agreement to acquire Q-matic, the world market leader in providing queue management solutions, from 3i Group Plc, Litorina Kapital and the founding families. Q-matic develops, manufactures and markets complete systems for queue management solutions. The systems are primarily sold to the public sector, healthcare institutions, financial institutions…

Altor in agreement to acquire QM Group

Altor has today entered into a preliminary agreement to acquire QM Group, the UK’s leading queue management system provider. QM Group employs 75 people and expects to generate GBP 15 million of revenues next year. The company headquarters are located in Milton Keynes, UK. “QM Group has built an impressive position with financial institutions and…

Wrist Group A/S sold to Altor

The leading Danish bunker fuel and ship supply company Wrist Group A/S has been sold to the Nordic private equity fund Altor. Wrist Group is one of the leading global suppliers of bunker fuel and general ship supplies with revenues in 2006 of approximately DKK 25 billion. The Group employs some 850 persons worldwide and…

Atlas Copco to acquire Dynapac, expanding its presence in the construction market

Atlas Copco AB has entered into an agreement with Altor 2003 Fund to acquire Dynapac AB of Sweden, a leading supplier of compaction and paving equipment for the road construction market. The acquisition will strengthen Atlas Copco’s position in an expanding global market and add a new range of products for construction customers worldwide. The…

Dansk Cater in partnership with Altor

The leading Danish food service company Dansk Cater A/S and the Nordic private equity fund Altor have today entered into a partnership with the objective of continuing the positive development of the Dansk Cater Group. The new group will be owned by a newly established Danish company, Euro Cater A/S, of which the Management of…

Altor acquires Helly Hansen

Altor Fund II (Altor) is to acquire Helly Hansen, a leading provider of action utility wear for survival, work and sport, from Investcorp. Altor announced today that it has entered into an agreement with Investcorp to purchase 100 percent of the shares in Helly Hansen, the worldwide supplier of technical apparel and footwear for outdoor…

Altor to acquire 80 percent of Dustin

Altor is to acquire 80 percent of the shares in Dustin, Sweden’s leading company in the trading of computers and computer equipments on the Internet and by mail order. The remaining portion of Dustin will be retained by the founders and the current owners. – Dustin has had impressive growth and strong profitability for many…

Altor acquires PIAB and plans for expansion

Altor Fund II has signed an agreement with the Tell family to acquire PIAB Invest AB. Peter Tell and Jacob Tell remain as large owners and executive management of PIAB. The new owners aim at significantly growing the company during the next coming years. PIAB is a Swedish based company and a global leader within…

Ability Group ASA (AGR) completes IPO

The following is a matter of record and does not constitute an offering in any jurisdiction. Ability Group ASA (AGR) has completed a share issue and secondary sale at NOK 47 per share. The indicative price range was NOK 45 to NOK 53 per share. The total number of shares sold in the offering including…

Altor to acquire Scandpower Petroleum Technology

Altor, HitecVision and management/other current owners have signed an agreement to acquire Scandpower Petroleum Technology Holding ASA (SPT). Through the partnership with Altor, SPT is well positioned for future international expansion. Altor has signed an agreement to acquire a 70 per cent shareholding in SPT. The current owners, led by HitecVision Private Equity, will have…

Altor has closed a new € 1,150 million fund

The fund will be invested in mid-market Nordic companies, a segment where Altor has been a leading investor during the past three Over 50 investors have committed to Altor’s second fund. The investor base includes Harvard Management Company, Princeton University, Goldman Sachs Private Equity Group, Pantheon, AlpInvest, Länsförsäkringar Liv, Skandia Liv, Allianz Private Equity Partners…

Altor invests in Nimbus Boats

Altor has acquired a 60 per cent shareholding in Nimbus Boats. Through the partnership with Altor, Nimbus Boats is well positioned for future expansion. Altor has, through its fund Altor 2003, acquired a 60 per cent shareholding in Nimbus Boats. The former owners will remain with a 40 per cent ownership and will remain shareholders…

Altor investerar i Byggmax

Altors 2003-Fond har förvärvat en majoritet av aktierna i den snabbväxande byggmaterialkedjan Byggmax. Tillsammans med nuvarande ägare och företagsledning, som kvarstår som aktieägare i företaget, ska Altor fortsätta att utveckla Byggmax. Byggmax är en av de sju största aktörerna inom detaljhandel med byggmaterial i Sverige. Företaget startades 1993 och har idag 27 anläggningar i Sverige….

Altor becomes Ferrosan’s new principal shareholder – continued focus on growth

The Nordic investment fund Altor 2003 Fund is acquiring 70 per cent of the shares in Ferrosan, and management is becoming a co-owner of the company. Idosan, the former principal shareholder, will retain 30 per cent of the shares. Novo Nordisk is selling its shares in Ferrosan. Following several years of strong performance, the healthcare…

Altor to acquire Bravida Telecom

Bravida and Nordic private equity fund Altor have today entered into an agreement in which Altor acquires Bravida’s Telecom-unit. Bravida Telecom AS employs approximately 1.850 people, and expects sales of about NOK 1.4 billion in 2004. Earnings before interest and taxes (EBIT) are expected at NOK 150 million. -Through this agreement we have succeeded in…

Altor acquires AGR AS, a leading offshore and subsea services company

Altor acquires AGR AS, a leading offshore and subsea services company The Altor 2003 Fund has signed an agreement to acquire a majority ownership of AGR AS, a Norwegian technology-based oil services company. The current owners and management will remain as significant shareholders in the company going forward. In the new constellation, AGR will have…