Altor Equity Partners

Altor Equity Partners is a private equity firm established in 2003 and based in Stockholm, Sweden. The firm specializes in investing in and developing medium-sized companies across various sectors, including consumer products, consumer services, business products, business services, healthcare, financial services, industrial, and information technology. Altor aims to create lasting value and serve as a trusted partner for business owners and managers, assisting them in building world-class companies.

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

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

Daniel Tufte-Kristensen

Director

Stian Tuv

Principal

Paal Weberg

Partner

Thomas Palm Westermann

Director

Øistein Widding

Partner

Vemund Wøien

Senior Associate

Clara Zverina

Principal

Andreas Säfweräng

Partner

Past deals in Sweden

Raw Fury

Acquisition in 2021
Raw Fury is a video game publisher based in Stockholm, Sweden, founded in 2015. The company focuses on designing and publishing indie games, offering titles such as Atomicrops, Whispers of a Machine, and Night Call. These games are characterized by their hand-painted 640x360 graphics and engage players with narratives that feature existential themes and multiple endings, enhancing the overall gaming experience.

QNTM

Acquisition in 2021
QNTM Group is a long-term growth partner that invests in companies that excel in digital strategy, software, and technology. The company is headquartered in Stockholm, Sweden.

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 based in Stockholm, Sweden, with additional offices in Gothenburg and Oslo. Founded in 2012, the firm specializes in helping businesses enhance their online revenue growth by optimizing marketing and sales operations. Curamando assists clients in evaluating and implementing necessary changes to remain competitive in the digital landscape. The company focuses on bridging the gap between marketing and IT departments, enabling organizations to become data-driven and make informed business decisions. By providing tailored strategies, hands-on support, and expertise across various domains, Curamando aims to improve clients' digital capabilities and transform their operations to attract more customers and increase revenues.

Ludvig

Private Equity Round in 2018
Ludvig & Co, previously known as LRF Konsult, is Sweden's largest consulting firm, catering to over 70,000 customers through a network of approximately 1,300 employees across 130 locations. Established in 1918 by Ludvig Nanneson, the company has more than a century of experience in providing comprehensive services. It specializes in business accounting and advisory services tailored for individuals and local offices throughout Sweden. Ludvig & Co offers a diverse range of services, including finance and tax, payroll, legal assistance, business consulting, and real estate advisory for buying, selling, and valuation. The firm emphasizes both in-person and digital interactions, aiming to support and foster the growth of successful entrepreneurs.

O'Learys

Private Equity Round in 2018
O’Learys Bar & Restaurant is a Swedish franchise chain that was in 1988 in Gothenburg, Sweden by Jonas Reinholdsson and is run by O’Learys Trademark. Today, there are more than 130 restaurants in Sweden, Norway, Denmark, Finland, Iceland, Belgium, Spain, Hungary, Turkey, United Arab Emirates, Singapore, China and Vietnam. The total revenue was 2017 more than 2,3 billion SEK. As a partner to the Sweden UN association, O’Learys runs the CSR program Meal4Meal, which, so far, has contributed with more than 2,1 million school meals in Etiopia and DR Congo. O’Learys core values are Fair, Passionate, Proud.

LRF Konsult

Acquisition in 2018
LRF Konsult AB is a consultancy firm based in Stockholm, Sweden, specializing in providing comprehensive advisory and accounting services. Established in 1918, the company serves a diverse clientele that includes farm businesses, forest owners, and small enterprises, with a client base exceeding 75,000. LRF Konsult operates through a network of 130 offices across Sweden, offering expertise in areas such as business economics, corporate law, fiscal legislation, finance, tax, and property brokerage. The firm is dedicated to supporting its clients in navigating the complexities of business management and regulatory compliance.

Nordic Trustee

Acquisition in 2017
Nordic Trustee offers trustee and agency services specializing in bonds and direct lending within the Nordic region. Operating offices in Oslo, Stockholm, Copenhagen, and Helsinki, the company manages nearly 3,000 active assignments for over 750 issuers and lenders from 25 countries. Its range of services supports the non-bank lending sector and includes market data services for Nordic debt securities, alongside daily bond pricing and indices through Nordic Bond Pricing. The data distribution is customized to meet the requirements of institutional clients such as asset managers, banks, and insurance companies. Additionally, Nordic Trustee functions as a licensed investment firm, payment institution, and approved CSD account manager, facilitating the management of third-party financial entitlements on a contractual basis.

CTEK

Acquisition in 2011
CTEK is a manufacturer and global supplier of battery chargers, specializing in 12V charging solutions for various vehicles, particularly in the premium segment. The company is recognized as Sweden's second largest supplier of chargers and accessories for electric vehicle charging, reflecting its commitment to the growing electric mobility market. CTEK develops innovative products that cater to both traditional and electric vehicles, ensuring reliable performance and customer satisfaction.

SATS Group

Private Equity Round in 2011
SATS GROUP is a prominent health and fitness chain in the Nordic region, operating under the brands SATS, Elixia, and Fresh Fitness. The company serves over 700,000 members across 220 clubs in Finland, Norway, and Sweden. SATS offers a comprehensive range of fitness training services tailored for both men and women, including studio training focused on strength and cardio, group classes, and personal training sessions. Additionally, SATS provides boot camps for smaller groups and out-of-club training options for enhanced convenience. The company's retail shops further support its members by offering fitness-related products.

Carnegie Investment Bank

Private Equity Round in 2009
Carnegie Investment Bank, founded in 1803 and headquartered in Stockholm, Sweden, is a financial institution that specializes in providing a range of services including investment banking, financial advisory, and wealth management. The firm focuses on mergers and acquisitions, private placements of debt and equity, and initial public offerings, while also offering fundraising advisory, securities brokerage, and private banking services. Additionally, Carnegie Asset Management operates as an independent asset manager, aiming to achieve consistent, long-term asset growth for clients through a unique investment philosophy centered on careful stock-picking and global trends. With a stable team of experienced portfolio managers, Carnegie has established a reputation for delivering world-class investment results over the past two decades.

Carnegie Investment Bank

Private Equity Round in 2009
Carnegie Investment Bank, founded in 1803 and headquartered in Stockholm, Sweden, is a financial institution that specializes in providing a range of services including investment banking, financial advisory, and wealth management. The firm focuses on mergers and acquisitions, private placements of debt and equity, and initial public offerings, while also offering fundraising advisory, securities brokerage, and private banking services. Additionally, Carnegie Asset Management operates as an independent asset manager, aiming to achieve consistent, long-term asset growth for clients through a unique investment philosophy centered on careful stock-picking and global trends. With a stable team of experienced portfolio managers, Carnegie has established a reputation for delivering world-class investment results over the past two decades.

NorthStar Battery

Acquisition in 2007
NorthStar Battery is a global leader in the design, manufacture, and deployment of a diverse range of batteries and energy storage solutions, focusing particularly on lead-acid batteries. The company specializes in valve-regulated and sealed lead-acid batteries, as well as various power solutions and related products. Committed to delivering reliable and sustainable power, NorthStar employs advanced technology to enhance battery life, minimize operating costs, and reduce environmental impact. With major operations located in Sweden, the USA, China, and the Middle East, the company also supports its global presence through distribution and service centers across Latin America, Europe, Africa, and the Asia-Pacific region.

NorthStar Battery

Acquisition in 2007
NorthStar Battery is a global leader in the design, manufacture, and deployment of a diverse range of batteries and energy storage solutions, focusing particularly on lead-acid batteries. The company specializes in valve-regulated and sealed lead-acid batteries, as well as various power solutions and related products. Committed to delivering reliable and sustainable power, NorthStar employs advanced technology to enhance battery life, minimize operating costs, and reduce environmental impact. With major operations located in Sweden, the USA, China, and the Middle East, the company also supports its global presence through distribution and service centers across Latin America, Europe, Africa, and the Asia-Pacific region.

Euro Cater

Acquisition in 2006
Euro Cater supplies a range of food and non-food products to restaurants, hotels, caterers, and other professional kitchens in Denmark and Sweden. It offers fresh fruits, canned goods, and assorted meat products, as well as various machineries and equipment used in the professional kitchen.

Dustin Group

Acquisition in 2006
Dustin Group AB is an online-based IT partner operating in the Nordic region and the Netherlands, specializing in IT products, solutions, and services. The company primarily targets small and medium-sized enterprises, as well as the public sector and private individuals, facilitating access to a wide array of approximately 255,000 products. Dustin's offerings include tailored IT services such as assessments, digital workplace solutions, cloud services, backup and disaster recovery, managed print, IT security, and infrastructure consulting. With a workforce of over 1,000 employees, Dustin acts as a bridge between manufacturers and customer needs, helping clients select appropriate solutions. The company generates the majority of its revenue from the corporate market, particularly large corporate and public sector clients, with significant operations in Sweden. Dustin Group has been listed on Nasdaq Stockholm since 2015 and is headquartered in Nacka, Stockholm.

Relacom

Acquisition in 2005
Relacom is a network management services provider based in Solna, Sweden, specializing in integrated technology services across communication, energy, and IT sectors. The company focuses on building, maintaining, and installing telecommunication networks, which include mobile and broadband connections for both residential and commercial clients. Relacom connects cities and remote areas with high-speed broadband and ensures reliable mobile and WiFi access. Additionally, the company facilitates the integration of smart energy equipment and is involved in the installation and management of electric car charging stations, thereby supporting the advancement of infrastructure in telecommunication and energy sectors.
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