Altor

Founded in 2003, Altor is a Stockholm-based private equity firm focused on investing in and developing medium-sized companies across Northern Europe. They aim to create enduring value by partnering with owners and managers to build world-class businesses.

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

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

Andreas Säfweräng

Partner

Stefan Linder

Partner

Sven Lindstad

Senior Associate

Giovanna Maag

Partner

Niklas Mattsson

Senior Associate

Bengt Maunsbach

Partner

Oscar Michelsson

Senior Associate

Harald Mix

Managing Partner

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

Klaas van Henten

Senior Associate

Past deals in Sweden

Raw Fury

Acquisition in 2021
Raw Fury, established in 2015 and based in Stockholm, Sweden, is a video game publisher specializing in indie games. It publishes and distributes titles such as Kingdom, Kathy Rain, and Dandara across various platforms including Android, iOS, Windows, and consoles. Known for its unique, story-driven games with hand-painted graphics and multiple endings, Raw Fury caters to a diverse audience with its distinctive indie offerings.

QNTM Group

Acquisition in 2021
QNTM Group, headquartered in Stockholm, Sweden, is a long-term investment partner focusing on companies excelling in digital strategy, software, and technology.

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.

XXL Sport & Villmark

Post in 2019
Founded in 2001, XXL operates 14 sporting goods megastores across major Norwegian cities. By 2010, it achieved average annual sales growth of 30% and reached nearly NOK 2 billion in sales, with a market share close to 15%, rapidly increasing.

Ludvig

Private Equity Round in 2018
Ludvig & Co, formerly known as LRF Konsult, is Sweden's largest consulting firm, established in 1918 by Ludvig Nanneson. With a workforce of approximately 1,300 employees across 130 locations, the company serves over 70,000 clients, offering a comprehensive range of business accounting and advisory services. Ludvig & Co specializes in finance and tax, payroll, legal services, business consulting, and real estate advisory, including buying, selling, and valuation. The firm is committed to supporting both individuals and local businesses by providing personalized assistance through physical meetings and digital services, fostering the development of successful entrepreneurs throughout Sweden.

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.

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 provides trustee and agency services for bonds and direct lending in the Nordic region, with offices in Oslo, Stockholm, Copenhagen and Helsinki. It handles debt capital market activities, non-bank lending, and market data services, including daily bond pricing and indices via Nordic Bond Pricing, and serves institutional clients such as asset managers, banks, and insurers. The company also offers loan administration, payment processing, escrow, and account management, acts as listing agent and agent for service of process, and provides safe-deposit of source codes. It operates as a licensed investment firm, a licensed payment institution, and an approved CSD account manager. Based in Norway, Nordic Trustee serves numerous issuers and lenders across multiple countries, supporting information provision on securities to Nordic markets and offering surety solutions for unfunded pension schemes.

CTEK

Acquisition in 2011
CTEK is a global manufacturer and supplier of battery chargers, specializing in 12V chargers for vehicles in the premium segment. The company also develops and provides charging solutions for electric vehicles and related accessories, supporting both conventional auto charging and EV charging infrastructure. In Sweden, CTEK is a major supplier of EV charging equipment and accessories.

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.

Apotek Hjartat

Acquisition in 2009
Apotek Hjärtat is the largest private pharmacy chain in Sweden, established following the deregulation of the pharmacy market in 2009. The company operates a network of retail pharmacies across the country, offering a wide range of products that include medications for various health concerns such as allergies, colds, and skin care, as well as personal care items for the mouth, hair, and hands. In addition to its physical stores, Apotek Hjärtat also provides an online platform for customers to access its products and services.

Carnegie

Private Equity Round in 2009
Established in 1803, Carnegie is a comprehensive financial institution offering a wide array of services including investment banking, wealth management, securities brokerage, private banking, and funds management. With a focus on consistent long-term asset growth, Carnegie's experienced team employs a unique investment philosophy centered around careful stock-picking and global trends.

Carnegie

Private Equity Round in 2009
Established in 1803, Carnegie is a comprehensive financial institution offering a wide array of services including investment banking, wealth management, securities brokerage, private banking, and funds management. With a focus on consistent long-term asset growth, Carnegie's experienced team employs a unique investment philosophy centered around careful stock-picking and global trends.

NorthStar Battery

Acquisition in 2007
NorthStar Battery is a global leader in the design and manufacture of lead-acid batteries and energy storage solutions. The company specializes in valve-regulated and sealed lead-acid batteries, providing reliable power solutions tailored for various applications. With a commitment to sustainability, NorthStar focuses on developing advanced technologies that enhance battery life, reduce operational costs, and minimize environmental impact. The company operates major facilities in Sweden, the United States, China, and the Middle East, complemented by distribution and service centers across Latin America, Europe, Africa, and the Asia-Pacific region. NorthStar Battery's mission is to deliver dependable and eco-friendly power solutions worldwide.

NorthStar Battery

Acquisition in 2007
NorthStar Battery is a global leader in the design and manufacture of lead-acid batteries and energy storage solutions. The company specializes in valve-regulated and sealed lead-acid batteries, providing reliable power solutions tailored for various applications. With a commitment to sustainability, NorthStar focuses on developing advanced technologies that enhance battery life, reduce operational costs, and minimize environmental impact. The company operates major facilities in Sweden, the United States, China, and the Middle East, complemented by distribution and service centers across Latin America, Europe, Africa, and the Asia-Pacific region. NorthStar Battery's mission is to deliver dependable and eco-friendly power solutions worldwide.

Euro Cater

Acquisition in 2006
Euro Cater A/S is a supplier of food and non-food products, catering primarily to restaurants, hotels, caterers, and professional kitchens in Denmark and Sweden. Established in 2006 and headquartered in Svenstrup, Denmark, the company provides a diverse range of offerings, including fresh fruits, canned goods, assorted meat products, and kitchen machinery and equipment. With additional offices in both Denmark and Sweden, Euro Cater is well-positioned to support the needs of its clients in the food service industry.

Dustin Group

Acquisition in 2006
Dustin Group is a Nordic IT reseller and online-based IT partner offering hardware, software and related services to small and medium-sized businesses, the public sector, and private individuals. The company connects manufacturers’ offerings with customer needs, providing around 255,000 products and services through its channels. It offers IT as a service and tailored solutions, including assessments, digital workplace, cloud, backup and disaster recovery, managed print, networks, storage, takeback, learning hub, infrastructure, software, IT security, and leadership. Dustin serves small and medium-sized businesses and large corporate and public sector customers, with the majority of activity in Sweden and a presence across Finland, Denmark, the Netherlands, Norway, and Belgium.

Relacom

Acquisition in 2005
Relacom is a network management services provider based in Solna, Sweden, specializing in integrated technology solutions across communication, energy, and IT sectors. The company focuses on the construction, installation, and maintenance of telecommunication networks, offering services such as fiber routing and high-speed broadband connections for both residential and commercial clients. Relacom also plays a crucial role in the development and maintenance of mobile networks and connects intelligent energy equipment. Additionally, the company installs and manages electric car charging stations, ensuring comprehensive mobile and WiFi connectivity across urban and remote areas. Through its diverse offerings, Relacom delivers essential technical services and strategic solutions to enhance connectivity and energy efficiency.
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