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 the transaction, Altor continues to own 1,900,000 shares or approx. 2.5% of the votes and share capital in Dustin. Altor’s remaining shares in Dustin will be subject to a lock-up period until 11 January 2017, subject to customary carveouts.
In 2006, Altor acquired a majority ownership in Dustin, founded by the Lundevall family in 1984. In February 2015, Dustin was listed on Nasdaq Stockholm and the company today has close to 6,000 shareholders.
For more information, please contact:
Anna Tropp, Communications at Altor Equity Partners +46 722 309 417
Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.6 billion in more than 40 companies. The investments have primarily been made in medium sized companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Rossignol, Byggmax, Dynapac, Piab and Transcom. For more information visit www.altor.com.