Altor Equity Partners

Altor Equity Partners, established in 2003, is a Stockholm-based private equity firm focused on investing in and developing medium-sized companies in the Nordic region and selected European countries. The firm seeks to create enduring value by partnering with owners and managers to build world-class companies, typically investing in businesses with an enterprise value of €50 million to €500 million. Altor's investment strategy spans across various sectors, including consumer products and services, business products and services, healthcare, financial services, industrial, and information technology. The firm's funds also consider ESG-related investments and align with Article 8 under EU SFDR. Altor has raised multiple funds, with notable investors including Harvard Management Company, Goldman Sachs, and Allianz Private Equity Partners.

Gustav Alenmyr

Director

Cornelia Jebsen Anker

Senior Associate

Jens Browaldh

Partner

Isabella Eichler

Director

Linnéa Ekroth

Senior Associate

Lars Fromm

Partner

Mario Hagmann

Senior Associate

Matilda Elfving Hauan

Director

Klaas van Henten

Senior Associate

David Hess

Partner

Mattias Holmström

Partner

Søren Johansen

Partner

Klas Johansson

Partner

Tom Jovik

Principal

Andreas Kaldhussaeter

Senior Associate

Henrik Olav Klevar

Director

Herman Korsgaard

Principal

Herman Korsgaard

Partner

Hajo Krösche

Partner

Stefan Linder

Partner

Sven Lindstad

Senior Associate

Giovanna Maag

Partner

Niklas Mattsson

Senior Associate

Bengt Maunsbach

Partner

Oscar Michelsson

Senior Associate

Johan Reiersen

Partner

Daniel Reimann

Principal

Kristian Sandaker

Senior Associate

Birte Sewing

Principal

Gabriel Sjöström

Senior Associate

Tor Herman Smedsrud

Director

Karl Svenningsson

Principal

Andreas Säfweräng

Partner

Daniel Tufte-Kristensen

Director

Stian Tuv

Principal

Paal Weberg

Partner

Thomas Palm Westermann

Director

Øistein Widding

Partner

Vemund Wøien

Senior Associate

Clara Zverina

Principal

Past deals in Norway

OX2

Private Equity Round in 2020
OX2 is a company focused on providing renewable energy solutions, including the development and sale of wind and solar farms. They operate in several countries across Europe, such as Sweden, Finland, Poland, France, Lithuania, Norway, Spain, Italy, Estonia, and Romania. In addition to their core activities in solar and onshore and offshore wind farms, OX2 is also involved in energy storage projects and the development of hydrogen solutions. The company emphasizes technical and business management solutions to support its various energy initiatives.

Curamando

Private Equity Round in 2019
Curamando AB is a marketing management consultancy established in 2012 and headquartered in Stockholm, Sweden, with additional offices in Gothenburg and Oslo. The company specializes in enhancing businesses' online revenue growth by optimizing their marketing and sales operations. Curamando aids organizations in evaluating and redefining their strategies to maintain competitiveness in the digital landscape. By facilitating the management of digital initiatives, the firm bridges the gap between marketing and IT departments, ensuring a cohesive approach to digital transformation. Their expertise empowers clients to adopt data-driven decision-making, ultimately enhancing their capabilities and competitiveness in the market. Through targeted strategies and hands-on support, Curamando helps businesses attract more customers and increase their revenues.

XXL Sport & Villmark

Post in 2019
XXL Sport & Villmark is a prominent sports retailer founded in 2001, operating a network of 14 mega-stores across major cities in Norway, as well as in Sweden and Finland. The company specializes in a wide array of products catering to sports, hunting, skiing, biking, and other outdoor activities. Its offerings include casual and sportswear, footwear, camping gear, firearms, and equipment for various sports such as water sports, football, golf, and skiing. XXL has established itself as the fastest-growing player in the Norwegian sporting goods retail market, holding a market share of nearly 15%. The company has experienced significant sales growth, with expectations to reach nearly NOK 2 billion in revenues. The majority of its business comes from Norway, where it continues to expand its presence and product range.

Gnist Barnehager

Acquisition in 2018
Gnist Barnehager AS is a Norwegian company that operates a chain of private kindergartens, having been established in 2004 and originally named Grønmyr Barnehage. The company, which rebranded in 2014, currently manages 17 daycare centers located in Hordaland, Møre og Romsdal, and Trøndelag. Gnist Barnehager focuses on providing high-quality pre-kindergarten services that foster children's development through engaging play and educational activities. The facilities are equipped with playgrounds and amenities designed to support physical activity and promote social interaction. With approximately 500 dedicated employees, the organization emphasizes the importance of nurturing a stimulating environment where children can explore their curiosity and embrace learning challenges. Gnist Barnehager aims to expand its concept to reach more regions across Norway.

O'Learys

Private Equity Round in 2018
O'Learys Bar & Restaurant is a Swedish franchise chain founded in 1988 in Gothenburg by Jonas Reinholdsson. Headquartered in Stockholm, the chain operates over 130 sports-themed restaurants across various countries, including Sweden, Norway, Denmark, Finland, Iceland, Belgium, Spain, Hungary, Turkey, the United Arab Emirates, Singapore, China, and Vietnam. O'Learys combines American cuisine with a vibrant atmosphere featuring sports, music, and entertainment. The company generated over 2.3 billion SEK in revenue in 2017. Additionally, O'Learys is committed to social responsibility through its Meal4Meal program, which has provided more than 2.1 million school meals to children in Ethiopia and the Democratic Republic of Congo. The brand is guided by core values of fairness, passion, and pride.

FH Gruppen

Acquisition in 2018
FH Gruppen AS is a leading manufacturer of holiday homes and houses in Norway, recognized as the fastest growing company in its sector. Established in 2006 and headquartered in Oslo, the company specializes in the construction of high-quality holiday cottages and residential homes. FH Gruppen offers a diverse range of products, including supplies from its brands such as Familiehytta, Family House, Telemark cabins, and Northern Lights cabins, catering to various customer preferences and needs in the Norwegian market.

Dale of Norway

Private Equity Round in 2017
Dale of Norway is a prestigious knitwear brand based in Dalekvam, Norway, recognized as the official supplier of sweaters and uniforms for Norwegian teams. The company specializes in exclusive knitwear and technical outerwear, offering a range of products designed for hiking, skiing, and après-ski activities. By emphasizing traditional Norwegian designs and high-quality craftsmanship, Dale of Norway provides customers with premium apparel that is distributed through upscale winter resort shops and specialty retailers in urban areas around the globe.

Nordic Trustee Holding

Acquisition in 2017
Nordic Trustee Holding ASA, headquartered in Oslo, Norway, specializes in trustee and agency services for bonds and direct lending across the Nordic region. It offers a range of services including bond trustee duties, loan administration, payment processing, escrow, account management, listing agency, and safe-keeping of source codes. Additionally, it provides surety solutions for unfunded pension schemes and electronic market data services for interest-bearing securities. The company caters to institutional clients such as asset managers, banks, and insurance companies, supporting over 750 issuers/lenders from 25 countries with approximately 3000 active assignments in the non-bank lending sector.

Sbanken ASA

Post in 2016
Sbanken ASA is a digital bank based in Bergen, Norway, specializing in a wide range of banking products and services for retail customers. Founded in 2000, the bank provides deposit products such as security deposit accounts and home savings accounts, alongside various loan offerings including home loans, car loans, personal loans, and credit cards. In addition to these products, Sbanken ASA facilitates payment services, encompassing bill payments, international transactions, and card transactions. The bank also emphasizes online banking solutions and investment products, ensuring a comprehensive digital banking experience. Initially known as Skandiabanken ASA, the company rebranded to Sbanken ASA in November 2017.

Skandiabanken

Acquisition in 2016
In April 2000, Skandiabanken was launched as the first pure digital bank in Norway. Today, the Bank offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term loans and short-term loans. The Bank has no branches and all products and services are offered directly through the digital platform, which is available on a broad range of user devices. By the end of 2016, Skandiabanken had 388,614 account customers with a balance, and total assets of NOK 71.2 billion.

Curato

Acquisition in 2013
Curato AS is a Norwegian company specializing in radiology and medical imaging services. It offers a range of diagnostic services including mammography, X-rays, and magnetic resonance imaging (MRI), serving patients across Norway. Notably, Curato operates a unique comparison service for X-ray services, enabling clients to locate nearby clinics conveniently.

Curato

Acquisition in 2013
Curato AS is a Norwegian company specializing in radiology and medical imaging services. It offers a range of diagnostic services including mammography, X-rays, and magnetic resonance imaging (MRI), serving patients across Norway. Notably, Curato operates a unique comparison service for X-ray services, enabling clients to locate nearby clinics conveniently.

Meltwater

Private Equity Round in 2012
Meltwater is a global provider of media intelligence and online data analytics tools, specializing in PR analytics and media monitoring. The company assists organizations in making informed decisions by analyzing vast amounts of online data, including social media posts, blogs, and news articles. With a client base exceeding 25,000 companies, Meltwater enables businesses to stay informed about relevant conversations and insights, allowing them to strategically manage their brand and maintain a competitive edge. Headquartered in Norway, Meltwater operates over 50 offices across six continents, emphasizing personalized service and local expertise. Additionally, Meltwater supports entrepreneurial development through its nonprofit initiative, the Meltwater Entrepreneurial School of Technology (MEST), which focuses on nurturing future generations of entrepreneurs.

SATS Group

Private Equity Round in 2011
SATS Group is the leading health and fitness chain in the Nordic region, operating under the SATS, Elixia, and Fresh Fitness brands. The company serves over 700,000 members across 220 clubs located in Finland, Norway, and Sweden. SATS offers a variety of fitness training services tailored for both men and women, including studio training focused on individual strength and cardio, group training classes, and personal training sessions that cover a wide range of specialties. Additionally, SATS provides boot camps for smaller groups and convenient out-of-club training options. The company also features retail shops to support its members' fitness journeys.

Helly Hansen

Acquisition in 2006
Helly Hansen AS is a manufacturer and distributor of high-quality outerwear garments for men, women, and children, including jackets, pants, sweaters, rainwear, and accessories. The company also offers footwear, bags, life jackets, skirts, dresses, and beachwear. Established in 1970 and based in Oslo, Norway, Helly Hansen focuses on creating protective technical gear designed for both work and outdoor sports, particularly in extreme environments. The company emphasizes continuous innovation by collaborating with outdoor enthusiasts to enhance the performance and technology of its products. Helly Hansen operates as a subsidiary of Canadian Tire Corporation and sells its products through various online platforms.

Helly Hansen

Acquisition in 2006
Helly Hansen AS is a manufacturer and distributor of high-quality outerwear garments for men, women, and children, including jackets, pants, sweaters, rainwear, and accessories. The company also offers footwear, bags, life jackets, skirts, dresses, and beachwear. Established in 1970 and based in Oslo, Norway, Helly Hansen focuses on creating protective technical gear designed for both work and outdoor sports, particularly in extreme environments. The company emphasizes continuous innovation by collaborating with outdoor enthusiasts to enhance the performance and technology of its products. Helly Hansen operates as a subsidiary of Canadian Tire Corporation and sells its products through various online platforms.

SPT Group

Acquisition in 2006
SPT Group AS develops software for multiphase flow, drilling, and reservoir simulation in Norway. It offers solutions for reservoir optimization, drilling hydraulics, well dynamics, flow assurance, process dynamics, and production and pressure management. The company’s software products include OLGA, a solution for engineering and operation of onshore and offshore multiphase production systems; MEPO, a solution to support the process of history matching in reservoir engineering; Drillbench, for engineering and follow-up of various drilling operations; and edpm, an online production and drilling support system.
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