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Altor Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Altor Equity Partners has acquired 8 companies. It has also invested in 2 others.

Altor Equity Partners’ most common sectors for investment arebusiness services (9%) and software (6%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and secondary buyout (25%). In total, Altor Equity Partners has invested in 3 US states and 12 different countries. Its largest (disclosed) acquisition occurred in 2013 when it acquired Ewos AS for $786M.

In the last 3 years, Altor Equity Partners has exited 9 companies. The Firm’s most common exit type is trade sale (47%). Altor Equity Partners’ largest (disclosed) exit occurred in 2014 when it sold Lindorff Group AB for $2.6B.

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M&A Summary

  • M&A Total Activity150
    • M&A Buy Activity96
    • M&A Sell Activity54
  • Total Sectors Invested 38
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 47
  • M&A Advisors 27

Altor Equity Partners

Altor Equity Partners AB

Jakobsgatan 6 ,
Stockholm, 111 52
Sweden
+46 8 678 91 00
www.altor.com
info@altor.com

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Building Materials, Business Services, Communications, Consumer Services, Distribution, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Financial Services, Food, Forest Products, Healthcare Services, Insurance, Life Science, Machinery, Manufacturing, Marine, Medical Products, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, PIPE, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Western Europe, Nordic

Transaction Criteria Min Max
Target Revenue 50 500
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of EUR

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (3.8/yr) # 77 9 4 2 4 - 96
vol $1.2B $1.2B
Sell (3.6/yr) # 36 9 - 2 5 2 54
vol $7.0B $1.1B $665M $8.7B
  150

Most Recent M&A

Company Date Value Type
XXL ASA 2025-05-27 - Stake Sale
Oslo, Norway · www.xxlasa.com
Wrist Group A/S 2025-03-11 - Secondary Sale
Noerresundby, Denmark · www.wrist.com
Nordic Tyre Group AB 2024-12-20 - Secondary Sale
Stockholm, Sweden · www.nordictyregroup.com
Carnegie Investment Bank AB 2024-10-21 - Trade Sale
Stockholm, Sweden · www.carnegie.se
OX2 Group AB 2024-10-08 - Stake Sale
Stockholm, Sweden · www.ox2.com
Sport Maska, Inc. 2024-10-02 - Secondary Buyout
Montreal, Quebec · www.ccmhockey.com
Silo AI Oy 2024-07-10 665M USD Trade Sale
Helsinki, Finland · www.silo.ai
F24 AG 2024-07-01 - Secondary Buyout
Munich, Germany · www.f24.com
Rise Up Fashion GmbH 2024-07-01 - Bankruptcy
Mannheim, Germany · www.oceansapart.com
Circulose AB 2024-06-04 - Special Situations/Distressed
Stockholm, Sweden · www.circulo.se
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Permascand AB 2024-02-12 Magneto Special Anodes BV 2025-02-10 1
Ljungaverk, Sweden · www.permascand.com Schiedam, Netherlands · www.magneto.nl
Trioplast Industrier AB 2018-03-29 Wentus GmbH 2023-12-30 2
Smalandsstenar, Sweden · www.trioworld.com Höxter, Germany · www.wentus.de
Network of Design 2021-03-10 Kasthall Mattor & Golv AB 2023-09-13 2
Stockholm, Sweden · www.nodgroup.com Kinna, Sweden · www.kasthall.com
Zahneins GmbH 2019-12-01 KonfiDents GmbH 2021-10-25 1
Hamburg, Germany · www.zahneins.com Bensheim, Germany · www.konfidents.de
Xeptor B.V. 2016-04-01 Centralpoint B.V. 2021-04-13 1
Leiden, Netherlands · www.flexitdistribution.com Nijmegen, Netherlands · www.centralpoint.nl
Rossignol Group 2013-07-15 RaidLight-Vertical SAS 2020-07-31 1
Saint-Jean de Moirans, France · www.rossignol.com Saint-Pierre de Chartreuse, France · www.raidlight.com
Trioplast Industrier AB 2018-03-29 Apeldoorn Flexible Packaging B.V. 2019-11-22 1
Smalandsstenar, Sweden · www.trioworld.com Apeldoorn, Netherlands · www.afpholland.com
Retta Group Oy 2016-06-02 Corbel Oy 2016-09-01 1
Helsinki, Finland · www.retta.fi Vantaa, Finland · www.corbel.fi

M&A by Sector

Sector Current # Value All-time # Value
Business Services 7 (17%) - 8 (8%) -
Financial Services 2 (5%) - 5 (5%) 166M (14%)
Machinery 2 (5%) - 5 (5%) -
Software 3 (7%) - 5 (5%) -
Automotive 3 (7%) - 4 (4%) 270M (22%)
Apparel/Textiles 2 (5%) - 4 (4%) -
Consumer Products 3 (7%) - 4 (4%) -
Distribution 1 (2%) - 4 (4%) -
Energy Services and Equipment - - 4 (4%) -
Media 3 (7%) - 4 (4%) -
Medical Products - - 4 (4%) -
Consumer Services - - 3 (3%) -
E-Commerce 1 (2%) - 3 (3%) -
Electronics 1 (2%) - 3 (3%) -
Manufacturing 1 (2%) - 3 (3%) -
Marine - - 3 (3%) -
Retail - - 3 (3%) -
Agriculture 1 (2%) - 2 (2%) 786M (64%)
Electrical Equipment - - 2 (2%) -
Engineering 1 (2%) - 2 (2%) -
Environmental 1 (2%) - 2 (2%) -
Food - - 2 (2%) -
Furniture 1 (2%) - 2 (2%) -
Healthcare Services 1 (2%) - 2 (2%) -
Renewable Energy 1 (2%) - 2 (2%) -
Communications - - 1 (1%) -
Construction 1 (2%) - 1 (1%) -
Information Technology - - 1 (1%) -
Insurance - - 1 (1%) -
Internet Software and Services 1 (2%) - 1 (1%) -
Leisure 1 (2%) - 1 (1%) -
Life Science - - 1 (1%) -
Metals/Mining - - 1 (1%) -
Oil/Gas Exploration - - 1 (1%) -
Plastics 1 (2%) - 1 (1%) -
Real Estate 1 (2%) - 1 (1%) -
Restaurants 1 (2%) - 1 (1%) -
Safety/Security 1 (2%) - 1 (1%) -
Total 42 - 98 $1.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
Sweden 24 (57%) - 46 (47%) 436M (36%)
Norway 3 (7%) - 20 (20%) 786M (64%)
Denmark 5 (12%) - 11 (11%) -
Germany 3 (7%) - 5 (5%) -
Finland 2 (5%) - 4 (4%) -
United States - - 4 (4%) -
  Oklahoma - - 2 (2%) -
  Michigan - - 1 (1%) -
  California - - 1 (1%) -
Netherlands 1 (2%) - 3 (3%) -
United Kingdom 1 (2%) - 1 (1%) -
Canada 1 (2%) - 1 (1%) -
  Quebec 1 (2%) - 1 (1%) -
France 1 (2%) - 1 (1%) -
Austria 1 (2%) - 1 (1%) -
Chile - - 1 (1%) -
Domestic 24 (57%) - 46 (47%) 436M (36%)
Cross-border 18 (43%) - 52 (53%) 786M (64%)
Total 42 - 98 $1.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 17 (40%) - 43 (44%) 166M (14%)
Secondary Buyout 12 (29%) - 24 (24%) 270M (22%)
Stake Purchase 2 (5%) - 7 (7%) -
Divestiture 1 (2%) - 6 (6%) 786M (64%)
Consolidation 3 (7%) - 6 (6%) -
Growth Capital 3 (7%) - 5 (5%) -
Going Private 2 (5%) - 2 (2%) -
Acquisition Financing - - 1 (1%) -
Add-on Acquisition - - 1 (1%) -
PIPE - - 1 (1%) -
Special Situations/Distressed 1 (2%) - 1 (1%) -
Venture 1 (2%) - 1 (1%) -
Total 42 - 98 $1.2B

Exits by Deal Type

Type Total # Value
Trade Sale 16 (30%) 3.7B (43%)
Secondary Sale 14 (26%) 2.6B (30%)
Trade Sale - Public Company 8 (15%) 2.4B (27%)
IPO 6 (11%) -
Merger 4 (7%) -
Stake Sale 3 (6%) -
Bankruptcy 2 (4%) -
Unknown 1 (2%) -
Total 54 $8.7B

Top M&A Advisors

Financial Deals
ABG Sundal Collier
 4
Carnegie Investment Bank
 2
Alantra
1
Legal Deals
Wiersholm
 2
White & Case
 2
Mannheimer Swartling Advokatbyra AB
 2

Deal Values

buy # Total
$100M to $1B 3 $1.2B
TOTAL $1.2B
Largest Ewos AS
$786M (2013-07-19)
sell # Total
> $1B 3 $5.2B
$100M to $1B 6 $3.5B
TOTAL $8.7B
Largest Lindorff Group AB
$2.6B (2014-07-18)

M&A Connections

Deals
Acquired from
Investor(s)
24%
24 (24%)
Strategic(s)
6%
6 (6%)
Exited to
Investor(s)
28%
15 (28%)
Strategic(s)
52%
28 (52%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

8.3B EUR

Established

2003

Specialist/Generalist

Generalist

Leadership

Andreas Kallstrom Safwerang

Partner

Bengt Maunsbach

Partner

David Hess

Partner

Giovanna Maag

Partner

Hajo Krösche

Partner

FAQ

When was Altor Equity Partners founded?

Altor Equity Partners was founded in 2003.

What type of investor is Altor Equity Partners?

Altor Equity Partners is a private equity firm.

Where is Altor Equity Partners headquartered?

Altor Equity Partners is headquartered in Stockholm, Sweden.

How much capital does Altor Equity Partners have under management?

Altor Equity Partners has 8.3B EUR under management.

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