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  • Altor Equity Partners
    Jakobsgatan 6 SE-111 52 Stockholm
    +46 8 678 91 00
    +46 8 678 91 01
    http://www.altor.com/
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    Altor divests Carnegie to DNB Bank

    On October 21, Altor Fund III (“Altor”) has entered into an agreement to divest Carnegie Investment Bank (“Carnegie”), a leading investment bank and asset manager in the Nordics, to DNB Bank ASA (“DNB”). Carnegie was acquired by Altor in 2009 with the strategic objective to build the leading investment bank and asset manager in the Nordic region. Over the past 15 years, Carnegie has grown to become a leading Nordic investment bank and asset manager with strong positions in equities research, brokerage, corporate finance advisory and private wealth management. For several years in a row,

    Altor to partner with iconic hockey brand CCM Hockey

    STOCKHOLM/MONTREAL, October 2, 2024 - Altor Fund VI (“Altor”) has signed an agreement to acquire a significant majority stake in the iconic hockey brand CCM Hockey. CCM’s management will reinvest in the company. Altor will support CCM and existing management to accelerate and unlock growth opportunities in both current and new segments, products and markets. Altor’s track record of building world-class consumer brands and support to realize their untapped potential has attracted companies like the global fashion house Toteme, the winter sports brand Rossignol Group, and the audio powerhouse

    Altor secures settlement in the OW Bunker action

    In the group of linked cases involving the bankrupt OW Bunker the significant professional parties, including the private equity fund Altor, the investment banks, and both the Danish and the foreign institutional investors that bought shares in connection with and after the IPO of the company in the spring of 2014, have reached a settlement. OW Bunker went bankrupt in November 2014 after suffering significant losses on derivatives and a loss on a subsidiary's biggest customer in Singapore. The bankruptcy of OW Bunker led to heavy losses for both the company’s creditors and the

    Altor announces final outcome of the public cash offer to the shareholders in Permascand Top Holding AB

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Altor publishes supplement to the offer document in respect of the recommended public cash offer to the shareholders of Permascand

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Altor completes the public cash offer to the shareholders of Permascand and acquires over 90% of the shares

    On December 19, 2023, Altor PC AB (Altor), a company controlled by Altor Fund VI (No. 1) AB and Altor Fund VI (No. 2) AB[1], announced a public cash offer to the shareholders of Permascand. On February 5, 2024, Altor announced the completion of the public cash offer, whereby it acquires approximately 95% of the shares in Permascand. Settlement of shares tendered on or before February 2, 2024, is expected to commence around February 12, 2024. Altor will promote a delisting of Permascand’s shares from Nasdaq First North Growth Market.Ever since Permascand was founded in 1971 they have built

    Altor completes the public cash offer to the shareholders in Permascand Top Holding AB at 95 percent and extends the acceptance period

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Altor PC AB extends the acceptance period for the Offer to the shareholders in Permascand Top Holding AB and announces that the price of SEK 17 per share in the Offer will not be increased

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Altor successfully raises record fund

    Altor has closed Altor Fund VI at its hard cap of EUR 3 billion from world leading investors, which makes this Altor’s largest fund ever raised. Altor will continue their focused strategy of investing in mid‐market companies in the Nordic and DACH region, with an increased focus on green transition investments.Altor has over the last 20 years consistently been ranked among the leading Private Equity firms globally based on long-term performance. Realized investments have generated a gross IRR of 29% and a money multiple of 3.0x. This performance has enabled Altor to raise its largest fund

    Altor PC AB publishes the offer document for the public cash offer to the shareholders of Permascand Top Holding AB

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Altor PC AB[1] announces a recommended public cash offer to the shareholders in Permascand Top Holding AB

    The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of shareholders in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law or otherwise contemplated in connection

    Eleda Gets New Ownership - Altor Sells Controlling Stake to Bain Capital, Companies Form Partnership for Future Expansion

    STOCKHOLM AND LONDON – December 13, 2023 – Bain Capital Private Equity (‘Bain Capital’), a leading global private investment firm, today announced it has agreed to acquire a controlling stake in Eleda, the Swedish infrastructure projects and services firm, from Altor who will retain a minority stake. Eleda’s founders, Johan Halvardsson and Peter Condrup, and management team will substantially reinvest in the company.Headquartered in Stockholm, Eleda is a leading Nordic infrastructure development and services provider. The company is the market leader within several segments, many addressing

    Altor has acquired a minority stake in Mandatum

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, HONG KONG OR AUSTRALIA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFULStockholm, 13/10/2023 – Altor Fund VI (“Altor”) has today acquired 8.0% in Mandatum plc (“Mandatum”) following the demerger from Sampo plc (“Sampo”) and subsequent listing of Mandatum on Nasdaq Helsinki.The Nordic investment firm Altor has over its 20 years of operation made investments and partnered with management in more than 95 private and public

    Altor to invest in Marshall Group

    Stockholm, 15/09/2023 – Altor Funds (“Altor”) have signed an agreement to acquire a significant minority stake in Marshall Group AB (“Marshall Group”), from funds advised by Varenne AB, Varenne Invest I AB, Zenith Venture Capital I AB, Zenith Venture Capital III AB as well as a large number of smaller investors.Marshall Group is the audio, tech and design powerhouse uniting musicians and music lovers through genre-breaking innovation with Marshall, Marshall Records, Marshall Live Agency, Marshall Studio, Natal Drums, Urbanears, and adidas headphones. Marshall is active in more than 90

    Altor acquires majority of VTU and partners with management

    Stockholm/Vienna, 17/02/2023 - Altor Funds (“Altor”) have signed an agreement to acquire a majority in VTU Group GmbH (“VTU”), a leading Life Sciences and Green Transition process engineering company, from funds advised by DPE Deutsche Private Equity Management III GmbH. VTU’s management will reinvest in the Company.  Altor will support VTU’s strategy to become a European leader in high value-added process engineering services for Life Sciences industries and a sector specialist in Green Transition process engineering.  The closing is subject to regulatory approval.Founded in 1990 in Graz,

    Altor to build the leading green transition bank by acquiring a majority stake in Kommunalkredit

    Altor Funds (“Altor”) have signed an agreement to acquire an 80% majority stake in Kommunalkredit Austria AG (“Kommunalkredit”) and enter a partnership with the existing owners and the management of the bank. Altor will support Kommunalkredit with incremental capital and expertise to continue its growth trajectory towards becoming the leading sustainable infrastructure bank in Europe. The existing long-term oriented shareholders, Interritus, Trinity Investments DAC and the Austrian Association of Municipalities will remain minority shareholders.Vienna, 07/02/2023Founded in 1958,

    Altor has acquired 7.2% of the outstanding shares in FLSmidth & Co. A/S

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, HONG KONG OR AUSTRALIA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFULNewCo December 2022 AS, a subsidiary of Altor Fund V, has on January 19[th] acquired 1.3 million shares in FLSmidth & Co. A/S (“FLSmidth”) corresponding to 2.3% of the shares outstanding. NewCo December 2022 AS has through this acquisition crossed the 5% ownership threshold and currently owns 7.2% of outstanding shares. Altor Fund V is part of the Altor

    Altor supports H2 Green Steel on EUR 190 million funding round

    Altor Fund V (Altor) continues to support the Swedish green impact company H2 Green Steel in its first close of the Series B equity financing. The key investors in the financing round next to Altor are AMF, GIC, Schaeffler, Swedbank Robur and Vargas Holding. Existing shareholders continue to support the company with additional equity funding, including such investors as Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek.Altor was also part of the initial Series A equity financing in March 2021.H2 Green Steel was founded in 2020 with the ambition to accelerate the

    Altor invests in smart energy platform Tibber

    Altor Fund V (“Altor”) has signed an agreement to acquire a minority stake in Tibber, the Norwegian smart energy provider and platform. The investment in Tibber has been done through acquisitions from existing shareholders, on the back of Tibber’s $100M Series C round in March 2022.Since its inception in 2016, Tibber has been on a journey to assist consumers in lowering their energy bills, making more intelligent decisions around their electricity consumption, and empowering them to use energy smarter. At the beginning of the year Tibber had reached over 400,000 household customers in

    Altor and Silo AI Partner to build a leading European AI flagship

    Altor Fund V (“Altor”) has signed an agreement to partner and invest in the artificial intelligence (AI) company Silo AI Oy (“Silo AI”), one of Europe’s largest private AI labs, to support the continued growth of the company. All founders, incl. chairman Tero Ojanperä and CEO Peter Sarlin, will continue in their roles and remain major shareholders. The funding will be used to accelerate Silo AI’s expansion in the Nordics and in Europe, supporting the company’s vision of building safe, human-centric AI.Silo AI was founded in 2017 to connect leading AI scientists with real-world problems and

    Altor enters an equal partnership with the founders of Audiowell

    Altor Fund V (“Altor”) has signed an agreement to enter a partnership with the founders of Audiowell, the Swedish founded international music group. The founders will remain owners and continue in their operational roles.Andreas Romdhane and Josef Svedlund, launched the Audiowell Group with a mission to increase the quality of lifestyle music by dedicating time, resources and partnering up with talented creators. They have the ambition to enable musicians, songwriters, and creators to live off their music in today’s music industry. Both founders have worked for more than 20 years as music

    Altor to acquire Nordic Climate Group - becomes majority owner

    Altor Fund V (“Altor”) has signed an agreement with Capillar Equity to acquire a majority stake in Nordic Climate Group (”NCG”). Completion is subject to approval of the competition authorities.The entrepreneurs and management of NCG will continue to own a meaningful share of the company.NCG is a services, installations and solutions company within the cooling and heating industry. NCG is the market leader in the Nordics with its full national coverage in Sweden and Norway with 50 legal operating entities. Pro forma revenues as per 30 April 2022 is estimated to be 2.2 bn SEK and NCG

    Elkem, Hydro and Altor partner to accelerate growth of Vianode, producer of sustainable battery materials

    Elkem, Hydro and Altor (Altor Fund V) today announced a partnership with the intention to accelerate the growth of Vianode, a producer of sustainable battery materials. An investment decision for a potential first-phase plant at Herøya, Norway, is expected in the first half of 2022.Vianode has developed a range of synthetic graphite products for batteries with unique performance characteristics and produced with significantly lower CO2 emissions than today's standard materials – supporting the ambitions of leading battery cell and automotive manufacturers. Today, an electric vehicle (EV)

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