Releases - Altor

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Altor and Bain Capital submit offer to Cermaq ASA for EWOS

6/17/2013 2:00 AM EST
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 great potential in working with EWOS’ management team to...

Altor and Bain Capital submit offer to Cermaq ASA for EWOS

6/17/2013 1:59 AM EST
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 great potential in working with EWOS’ management team to...

Elixia, SATS, and Fresh Fitness to be combined into the largest Nordic health an...

6/14/2013 4:08 AM EST
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 new group will have more than 2,000 employees,...

Altor divests Euro Cater to reinvesting managers and ICG

4/24/2013 3:22 AM EST
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”).
With its roots dating back to the late 1950s, Euro Cater is a leading Nordic food...

Altor Fund II increases ownership of Åkers

1/11/2013 7:00 AM EST
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 injection of up to 210 MSEK, which has been earlier communicated.

In conjunction with the...

Altor appoints Tor Krusell as Head of Communications

12/4/2012 9:00 AM EST
Tor Krusell has 25 years’ experience across different industries, mainly within Communications, Information and Marketing. Tor’s most recent position was as Executive Vice President of the construction group, Skanska.
"We wish to strengthen our communications 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

7/13/2012 3:15 AM EST
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 and Workwear. In 2011 the company had...

Altor divests world leading food equipment producer Meyn to CTB, Inc., a subsidi...

5/4/2012 8:00 AM EST
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, Meyn is the global market...

Altor acquires Bure’s stakes in Carnegie Holding, Max Matthiessen and Carnegie A...

5/2/2012 2:45 AM EST
Altor (Altor Fund III GP Limited) has entered into a binding agreement to acquire Bure Equity’s stakes in Carnegie Holding, Max Matthiessen and Carnegie Asset Management subject to customary closing conditions, including regulatory approvals.
Harald Mix, CEO and Partner at Altor’s investment adviser, Altor Equity Partners AB, and board member of Carnegie Holding and Carnegie Asset Management, said: “The...

Odin Equity divesting cleantech business Haarslev Industries to Altor

1/27/2012 2:50 AM EST
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 cleantech business dedicated to manufacturing processing...

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Altor Equity Partners is a private equity firm with EUR 650 million fund to invest. Altor focuses on control investments in the middle market segment of the Nordic region. Altor seeks to invest EUR 25-75 million in each ...

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