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) and remains as a significant shareholder in the company.

"The successful development of Dustin is a result of a strong partnership between Altor, the management, the founders and the Board of Directors of Dustin. Altor believes that the company is well-positioned for long-term success and looks forward to remaining a significant owner together with Dustin’s high quality shareholders, says Stefan Linder, Partner at Altor Equity Partners and Board Member of Dustin."

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 6,500 shareholders.

For more information, please contact:
Tor Krusell, Head of Communication, Altor: +46 8 678 91 96

About Altor
Since inception, Altor’s four funds have raised EUR 5.8 billion in total commitments and have invested in excess of EUR 3.1 billion in more than 40 companies. The investments have been made in medium sized Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Apotek Hjärtat, Carnegie, EWOS, Helly Hansen, Dustin and Byggmax.