Altor acquires a majority stake in oceansapart – continues its long-standing success story within the apparel industry
Altor Fund V (“Altor”) has signed an agreement to acquire a majority stake in Rise Up Fashion GmbH (“oceansapart” or the “Company”) the legal entity owning oceansapart #soulful clothing and enter into a partnership with the owners, founders and management to support the continued growth of the company and the brand. The founders Susanna Wagner and Paul Engelmann will continue in their roles and remain significant shareholders alongside the current shareholders and Altor.Founded in 2018, oceansapart is the uniquely positioned non-competitive activewear apparel company serving a growing