Altor Equity Partners

Last updated
Altor Equity Partners
Type Private
Industry Private equity
Founded2003
Founder Harald Mix  [ sv ]
Headquarters Stockholm, Sweden
Products Leveraged buyout, Growth capital
Total assets €8.3 billion
Number of employees
100+
Website www.altor.com

Altor Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in Sweden, Denmark, Finland, Norway and the DACH region.

Contents

History

The firm, which is based in Stockholm, Sweden, was founded in 2003 by a team led by Harald Mix  [ sv ], formerly a partner at Industri Kapital, another Nordic-focused private equity firm. [1]

As of 2015, the firm has raised approximately €6.2 billion since inception across three funds. [2] The firm completed fundraising for its first investment vehicle, the Altor 2003 Fund in May 2003 with €650 million of investor commitments. Altor Fund II was closed in March 2006 €1.2 billion of capital [3] and Altor Fund III closed in August 2008 with €2.0 billion of commitments. [4] [5] Altor closed its fourth fund in July 2014, also with €2 billion in commitments. [6] Altor closed its most recent fifth fund in 2019, with €2.5 billion in commitments.[ citation needed ]

Notable Investments

In 2006, Altor purchased Norwegian outdoor clothing retailer Helly Hansen from Investcorp for an undisclosed amount. In 2012 the firm sold 75 percent of the company to the Ontario Teachers’ Pension Plan for about $326 million, reportedly 4 times what they paid for it. [7]

The firm bought the French ski manufacturer Skis Rossignol from a group led by Macquarie in July 2013 for an undisclosed amount. [8]

In August 2021, Altor acquired a majority stake in Swedish video game publisher Raw Fury for an undisclosed price. [9]

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References

  1. "Altor raises E650m in four months". Private Equity International. 2012-12-30. Archived from the original on 2021-04-15. Retrieved 2020-09-01.
  2. Ewing, Adam (16 March 2015). "Inflated Markets Cut Investment Pace at $6 Billion Altor Funds". Bloomberg. Retrieved 3 October 2018.
  3. "Altor closes €1.15bn fund for Nordic region". AltAssets.net. 22 February 2006. Retrieved 20 March 2019.
  4. "Altor closes third fund on €2bn". AltAssets.com. 22 August 2008. Archived from the original on 9 October 2008. Retrieved 20 March 2019.
  5. "Who we are". Altor.com. n.d. Archived from the original on 6 January 2009. Retrieved 20 March 2019.
  6. Dunkley, Dan (3 July 2014). "Nordic Firm Altor Raises €2 Billion Buyout Fund" . Private Equity News. Retrieved 20 March 2019.
  7. Stothard, Michael (13 July 2012). "Canadian pension fund buys Helly Hansen". Financial Times. Stockholm. Retrieved 20 March 2019.
  8. Tan, Gillian (18 July 2013). "Macquarie Skis Away From Rossignol" . The Wall Street Journal. Retrieved 3 October 2018.
  9. Sinclair, Brendan (August 16, 2021). "Altor acquires majority stake in Raw Fury". GamesIndustry.biz . Retrieved August 16, 2021.

Other sources