We are dedicated to building better businesses in the Nordic region

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210 msek

Further Altor-investment in
Strängnäs largest private
employer Åkers

13-06-17
Altor and Bain Capital submit offer to Cermaq ASA for EWOS
News
2.4 billion sek foreign investments

in Nordic companies owned by Altor funds

Should I stay or should I go? Mikael Bengtsson, Byggmax
Helly Hansen
1877

Helly Juell Hansen starts producing oilskin apparel. Helly Hansen has had a phenomenal growth since it was acquired by Altor in 2006.
Our portfolio:
  • Wrist

    Wrist

  • Qmatic

    Qmatic

  • Sonion

    Sonion

  • Piab

    Piab

  • Papyrus

    Papyrus

  • Orchid

    Orchid

  • ONE Nordic

    ONE Nordic

  • Northstar

    Northstar

  • Navico

    Navico

  • Norsk Gjenvinning

    Norsk Gjenvinning

  • Max Matthiessen

    Max Matthiessen

  • Helly Hansen

    Helly Hansen

  • Lindorff Group

    Lindorff Group

  • Haarslev

    Haarslev

  • Euro Cater

    Euro Cater

  • Ferrosan Medical Devices

    Ferrosan Medical Devices

  • Elixia

    Elixia

  • Eltek

    Eltek

  • Dustin

    Dustin

  • Constructor

    Constructor

  • CTEK

    CTEK

  • Carnegie

    Carnegie

  • Apotek Hjärtat

    Apotek Hjärtat

  • Byggmax

    Byggmax

  • Ålö

    Ålö

  • Åkers Group

    Åkers Group

  • AGR Group

    AGR Group

1 /
Do you have something on your mind? Feel free to contact us.
Contact

About Altor

infographics_company

Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. We want to create enduring values and make a real difference as a valuable partner for owners and managers in building world class companies.

Altor Equity Partners, the investment advisor to the Altor Funds, has a Nordic team with extensive international experience in fields such as private equity, consulting, investment banking and various industrial sectors.

Leading international institutional investors have committed a total of EUR 3.8 billion to the three Altor funds.

Our investment strategy since 2003 is based on identifying and realizing sustainable performance improvements in areas such as revenue growth, margin expansion and capital efficiency. As a rule of thumb, we only invest in companies where we see a potential for the company to double the operating profit in a five-year perspective.

Altor actively seeks to build and develop businesses in partnership with the prior owners and has achieved such co-ownerships in a majority of its investments.

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The FundsBackground to Altor Equity Partners
infographics_achieving_the-ambitions

Immediately after completing an investment, the handpicked Board of Directors and the management team develop the strategic agenda and the operating targets for the company.

A detailed roadmap is developed during an intense six-month period where facts are collected to establish a common perspective on competitive position, current performance and future opportunities. A key tool is a comprehensive benchmarking analysis against world class companies in the same industry. Thereafter, the program clarifies an implementation plan and prioritizes strategic initiatives addressing revenue growth, cost and capital effectiveness.

Altor provides ongoing support to the management team via frequent interactions with the local team from Altor Equity Partners both informally and in their capacity as board members. In addition, we appoint external board members with appropriate backgrounds and experiences that match our high ambitions. Altor can also support the management team with specific resources that can be added in order to complement existing skills and experience base.

We are allies in building a truly better business.

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Altor's principlesEvaluation processInvestment StrategyPartnerships with prior owners

The fund managers of the Altor funds actively seek local expertise and they have selected Altor Equity Partners AB as their investment advisor. The company consists of more than 30 investment professionals, from the Nordic region, all having international experience in fields such as private equity, consulting, investment banking and from various industrial sectors. The company is led by twelve Partners who have built up a successful track record of advising funds investing in and building Nordic businesses.

The mix of professional backgrounds allows the team to support the funds and their portfolio companies with expertise and skills relevant to each specific value creation agenda.

Altor Equity Partners operates out of offices in Copenhagen, Helsinki, Oslo and Stockholm to further enhance local networks and facilitate the interaction with our portfolio companies. Having the teams working across countries also ensures and promotes a shared culture and values.

As important, the success is dependent on the ability to attract and retain top talent in the portfolio companies and in the Board of Directors – where Altor has strong relationships with seasoned industrial executives who can contribute to building world class companies.

the team
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The NetworkGP Board
infographics_Altors_investors

The Altor funds have secured strong support from leading international institutional investors who share Altor’s long term perspective on value creation. They include high quality Nordic institutions, US university endowments, charitable foundations and other leading international institutions. These institutions have committed to invest in the Altor 2003 Fund, Altor Fund II and Altor Fund III, all domiciled in Jersey, Channel Islands and with Altor Equity Partners as investment adviser.

More than 75% of the committed capital comes from investors outside the Nordic countries.

our_responsibility

Being a world-class company includes ensuring high environmental, social and governance (ESG) standards. As a commitment to the investors and the communities in which Altor and its portfolio companies operates, Altor has adopted a Responsible Investment and Ownership policy.

We are also actively supporting a number of initiatives within areas which we care deeply about. We either support by offering our expertise or by funding with donations. Examples on supported initiatives can be seen above.

Read more
Altor's Responsible Investment & Ownership Policy
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Companies & Cases

The companies in the Altor Funds have been through remarkable change journeys. Here you can find examples on these stories and cases of how exceptional businesses have been built.

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About private equity

infographics_about_private_equity

Private equity refers to equity investments in enterprises not listed on a public stock exchange. With an active and time-limited form of ownership, private equity investors work together with the management of the companies in which they invest to enhance long term value. Private equity investors typically realize the value of their investment through an initial public offering or through a sale or merger of the company they control.

There are two investment stages. ‘Venture capital’ is an investment in forming and growing early-stage companies. ‘Buyout capital’ (where Altor is active) refers to acquisitions of significant stakes in larger, more established companies.

The demand for private equity has increased in the Nordic region as a result of the succesful investments made in the region. Further, a new wave of cross-border consolidation in combination with an ongoing focus on core operations resulting in further divestures give a positive outlook on the PE market in the Nordic region. This is further strengthened by the increased awareness in family owned businesses of the benefits of partnering with private equity investors to develop the company to the next level.

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Investors of private equity funds
How_we_see_it_2

We believe that Private Equity is an important ownership form that is sometimes, but not necessarily always, the best for a company.

It all comes down to the situation that the company is in.

We like and are good at making significant improvements and lasting change. For instance expanding a great local brand or business into an international one or improving a company not performing at its full potential via growth initiatives and cost and capital effeciency improvements.

One of the greatest myths about Private Equity is that we act with a short-term mindset. It is true that we own the companies for a limited time, often around five years, but in order to develop the company and make it attractive for future owners – we take long-term actions in areas such as R&D to spur innovation and a sustainable development. Altor can in certain situations own companies for 15 years and beyond.

We are obsessed with building the best companies in the world. This passion can be seen in how actively each company is governed. But this does not lead to an ”us and them” issue with the company’s management – it is a true partnership where we are in it together, as allies.

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Q: What is Private Equity?
A:

Private Equity is an asset class in which financial investors buy stakes in companies which are not publicly traded.

Q: Who are investors in Private Equity funds?
A:

They are typically large financial insitutions such as private and public pension funds, endowments and charitable foundations.

Q: What does Private Equity ownership add to the acquired companies?
A:

The bulk of value increase in the companies is generated through sales growth and improved margins. This is mainly achieved through injection of managerial expertise, improved business strategy and other support.

Q: Does Private Equity always think short-term?
A:

No. On the contrary, to build a company’s value you have to make long-term decisions and investments. The Private Equity fund will own a company for a limited time, generally around five years, but creating value requires long-term actions.

If you still have questions about Private Equity, there are a number of very good organizations that represent this ownership form.

We recommend that you browse on the site for the European Private Equity and Venture Capital Association (EVCA) to find any more facts you are looking for. You find it at http://evca.eu

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News

Altor and Bain Capital submit offer to Cermaq ASA for EWOS

Posted

Altor Fund III GP Limited (“Altor”) and Bain Capital Europe, LLP (collectively, “Bain Capital”), have submitted an offer to Cermaq ASA for EWOS, valuing the business at NOK 6.2 billion (Enterprise Value), with the intent to sign definitive agreements by mid-July.

Altor and Bain Capital have followed the aquaculture industry for several years, and see great potential in working with EWOS’ management team to further developing its world leading fish feed business. Altor and Bain Capital have retained Carnegie as their financial advisor in connection with the transaction.

For further information, please contact;

Hugo Maurstad, Altor Equity Partners, +47 22 12 83 83

Ed Gascoigne-Pees, PR representative for Bain Capital, +44 (0)7884 001 949

About Altor
Altor Equity Partners acts as investment advisor to the Altor funds, out of offices in Stockholm, Oslo, Copenhagen and Helsinki. Since inception, the Altor funds, with a committed capital of EUR 3,800 million, have invested in close to 40 companies. The investments have been made in Nordic mid-cap companies with the aim to create value through growth initiatives and operational improvements.

Among the investments are Lindorff, Helly Hansen, AGR, Eltek, Norsk Gjenvinning, SPT Group, Simrad and Aker Material Handling.

For more information, please visit www.altor.com

About Bain Capital
Bain Capital is one of the world’s leading private investment firms with approximately USD 70 billion in assets under management. The firm works alongside the management teams of the companies it invests in to further their growth and development. Its executives have extensive operational and consulting experience and since 1984 have invested in over 250 companies around the world, among them Bravida and Securitas Direct based in the Nordic region. Bain Capital has a distinctly people-intensive, value-added approach to investing, with a strong emphasis on supporting management teams to drive strategic and operating improvements, as well as a truly global footprint supporting portfolio companies to grow in a global marketplace. Bain Capital Europe, the firm’s European private equity affiliate, has been investing with the same philosophy since 1989. Bain Capital has offices in London, Munich, Boston, Chicago, New York, Hong Kong, Mumbai, Shanghai and Tokyo.

For further information about Bain Capital: www.baincapital.com

Press enquiries

Tor Krusell
Head of Communications
Tel: +46 70 543 87 47
E-mail: tor.krusell@altor.com

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Contact

Jersey

Jersey

Altor Funds
11-15 Seaton Place
St Helier Jersey JE4 0QH
Channel Islands
Tel. +44 1534 833 000
info@altor.je

copenhagen

Copenhagen

Altor Equity Partners A/S
Christian IX’s Gade 7, III
1111 Copenhagen K
Denmark
Tel. +45 3336 7300
Fax +45 3336 7301
info@altor.com

helsinki

Helsinki

Altor Equity Partners OY
Pohjoisesplanadi 25 B
00100 Helsinki
Finland
Tel. +358 9 6829 470
Fax +358 9 6829 4750
info@altor.com

oslo

Oslo

Altor Equity Partners AS
Tjuvholmen Allé 19
N-0252 Oslo
Norway
Tel. +47 2212 8383
Fax +47 2212 8384
info@altor.com

stockholm

Stockholm

Altor Equity Partners AB
Jakobsgatan 6
111 52 Stockholm
Sweden
Tel. +46 8 678 9100
Fax +46 8 678 9101
info@altor.com

personpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonpersonperson

  • Alexander Hartman

    Associate

    Alexander works with Helly Hansen and Orchid.

  • Anders Bierke

    Head of Financing/Partner

  • Andreas Hiller

    Director

    Andreas works with NorthStar and Qmatic.

  • Andreas Källström

    Director

    Andreas works with CTEK, Piab and Qmatic.

  • Annette Delberger

    Executive Assistant

  • Åsa Moberg

    Head of Admin

  • Bengt Maunsbach

    Partner

    Bengt works with
    Haarslev Industries
    Papyrus
    Piab
    Ålö

  • Birgitta Rudbo

    Accounting

  • Catarina Ekeståhl

    Executive Assistant

  • Claes Ekström

    Partner

    Claes works with
    Max Matthiessen
    Norsk Gjenvinning
    NorthStar
    Orchid
    Papyrus

  • Fredrik Strömholm

    Partner

    Fredrik works with
    Apotek Hjärtat
    Ferrosan Medical Devices
    Qmatic
    Sonion
    Åkers Group
    Carnegie Investment Bank

  • Harald Mix

    Partner

    Harald works with
    Dustin
    Lindorff Group
    NorthStar
    ONE
    Papyrus
    Piab
    Wrist
    Carnegie Investment Bank
    Carnegie Asset Management

  • Henrik Dock

    Legal counsel

  • Jens Browaldh

    Associate 

    Jens works with Dustin and Åkers Group.

  • Jesper Eliasson

    CFO/Partner

  • Johan Blomquist

    Director

    Johan works with
    Apotek Hjärtat
    Euro Cater
    Ferrosan Medical Devices
    Åkers Group

  • Johanna Löfstrand

    Executive Assistant

  • Johannes Lien

    Director

    Johannes works with
    Byggmax
    ELIXIA
    Eltek Group
    Helly Hansen
    Navico

  • Katarina Karlsson

    Executive Assistant

  • Kim Åkerlund

    Assistant

  • Klas Johansson

    Director

    Klas works with CTEK and Lindorff Group.

  • Lena Backlund

    Executive Assistant

  • Linda Kronquist

    Reception

  • Magnus Edlund

    Director

    Magnus works with Byggmax and Orchid.

  • Mattias Holmström

    Associate

    Mattias works with Apotek Hjärtat and Haarslev Industries.

  • Omid Ghanei

    Investment controller

  • Oskar Steneryd

    Senior Associate

    Oskar works with
    Euro Cater
    NorthStar
    ONE
    Ålö

  • Petter Samlin

    Director

    Petter works with
    Dustin
    Wrist
    Carnegie Investment Bank
    Carnegie Asset Management

  • Pia Irell

    Portfolio development director

  • Sandra Gomejzon

    Accounting

  • Stefan Linder

    Partner

    Stefan works with
    Apotek Hjärtat
    Byggmax
    CTEK
    Dustin
    Euro Cater

  • Tor Krusell

    Head of Communications

  • Ulrika Hedman

    Accounting

  • Andreas Hall

    Associate

    Andreas works with Lindorff Group and Norsk Gjenvinning.

  • Elisabeth Kjernli

    Executive Assistant

  • Hugo Maurstad

    Partner

    Hugo works with
    AGR Group
    Constructor
    Eltek Group
    Helly Hansen
    Navico
    Lindorff Group

  • Kjersti Myklatun

    Reception

  • Kjersti Røken

    Executive Assistant

  • Maria Tallaksen

    Director

    Maria works with AGR Group and Norsk Gjenvinning.

  • Pål Stampe

    Partner

    Pål works with AGR Group, Constructor and Norsk Gjenvinning.

  • Reynir Indahl

    Partner

    Reynir works with
    AGR Group
    Helly Hansen
    ELIXIA
    Navico
    Norsk Gjenvinning

  • Tom Jovik

    Associate

    Tom works with AGR Group, Constructor and Eltek Group.

  • Daniel Reimann

    Associate

    Daniel works with Wrist, Sonion and Carnegie Asset Management.

  • David Hess

    Senior Associate

    David works with Navico and Wrist.

  • Peter Bason

    Director

    Peter works with Haarslev Industries and Ålö.

  • Sarah Andersson

    Reception

  • Sophia Sahin

    Executive Assistant

  • Søren Johansen

    Partner

    Søren works with
    Haarslev Industries
    Sonion
    Wrist
    Carnegie Asset Management

  • Thomas Hørslev-Petersen

    Student Analyst

  • Thomas Kvorning

    Director

    Thomas works with Ferrosan Medical Devices, Haarslev Industries and Sonion.

  • Edda van der Ende

    Executive Assistant

  • Niko Mokkila

    Senior Associate

    Niko works with
    ELIXIA
    Max Matthiessen
    Papyrus
    Carnegie Investment Bank

  • Risto Siivonen

    Partner

    Risto works with Max Matthiessen and ONE.

  • Emily Sturgess

  • Michelle McNaney