Altor Equity Partners

Altor Equity Partners
Private
Industry Private equity
Founded 2003
Founder Harald Mix
Headquarters Stockholm, Sweden
Products Leveraged buyout, Growth capital
Total assets €6.2 billion
Number of employees
 25+
Website www.altor.com

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

History

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

As of 2015, the firm has raised approximately €6.2 billion since inception across three funds. [1] 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[2] and Altor Fund III closed in August 2008 with €2.0 billion of commitments.[3][4] Altor closed its fourth fund in July 2014, also with €2 billion in commitments.[5]

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.[6]

The firm bought the French ski manufacturer Skis Rossignol from a group lead by Macquarie in July 2013 for an undisclosed amount.[7]

References

  1. ↑ Ewing, Adam (16 March 2015). "Inflated Markets Cut Investment Pace at $6 Billion Altor Funds". Bloomberg. Retrieved 3 October 2018.
  2. ↑ Altor closes €1.15bn fund for Nordic region Archived 2006-10-16 at the Wayback Machine.. AltAssets, February 22, 2006
  3. ↑ Altor closes third fund on €2bn Archived 2008-10-09 at the Wayback Machine.. AltAssets, August 22, 2008
  4. ↑ Altor - Who we are Archived 2009-01-06 at the Wayback Machine. (company website)
  5. ↑ Dan Dunkley, "Nordic Firm Altor Raises €2 Billion Buyout Fund," Private Equity News, July 3, 2014.
  6. ↑ Michael Stothard, "Canadian pension fund buys Helly Hansen," Financial Times, July 13, 2012.
  7. ↑ Tan, Gillian (18 July 2013). "Macquarie Skis Away From Rossignol". Wall Street Journal Blogs. Retrieved 3 October 2018.


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