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
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