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Altor Equity Partners

Altor Equity Partners acquires controlling stakes in established, profitable businesses, from Stockholm, Sweden. It states a focus on industrials & manufacturing, business & professional services, consumer & retail and financial services.

Disclosed holdings83
Earliest stated investment2012
HeadquartersStockholm, Sweden
Largest single fundNot stated

Stated investment criteria

What Altor Equity Partners says it buys

Read from Altor Equity Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesAdd-on1
OfficesCopenhagen, Helsinki, Oslo, Stockholm, Zurich1
People listed on its team page1022

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Altor Equity Partners states that it takes minority stakes rather than control. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Altor Equity Partners to consider any particular business, and nothing on this page is represented as being for sale.

Portfolio

Disclosed holdings

Companies Altor Equity Partners lists on its own website. 16 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Meltwater201214
Dale of Norway20179
Nordic Trustee20179
Eidra20197
Aarke20206
Eleda20206
Gunnebo20206
Audiowell20215
KAEFER20215
Raw Fury20215
Nordic Climate Group20224
Aira20233
FLSmidth20233
Marshall Group20233
CCM20242
Circulose20242
AGR Petroleum Services
Aalborg Industries
Aco Hud
Alo
Ampco-Pittsburgh
Apotek Hjärtat
Business Services
C Worldwide
CTEK
Carnegie Investment Bank
Ccm Hockey
Curato
Dustin
Dynapac
Eltek Group
Enhanced Drilling
Euro Cater
Ewos
F24
Ferrosan
Ferrosan Medical Devices
Financial Services
Gnist Barnehager
Haarslev Industries
Hamlet Protein
Helly Hansen
Ideal Of Sweden
Iyuno
Lindorff Group
Ludvig Co
Mandatum
Max Matthiessen
Meyn
Mirva Webb
Navico
Network Of Design
Nimbus Boats
Nordic Leisure Travel Group
Nordic Tyre Group
Norsk Gjenvinning
NorthStar
Nova Austral
ONE
OW Bunker
OX2
Oceansapart
Orchid Orthopedic Solutions
PIAB
Palodex
Permascand
Qmatic
Qntm
Relacom
Retta
RevolutionRace
SATS
SPT Group
Sbanken ASA
Silo AI
Sonion
Stegra
TGS (prev. Spectrum)
Tech
Vianode Perfecting the E in EVs
Wrist Ship Supply
XXL
Åkers Group

Compiled from Altor Equity Partners’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Altor Equity Partners is named as buyer or seller in the transaction archive. 3 recorded exits, most recently in 2024.

CompanySideCounterpartyYearConsideration
Silo AISoldAMD2024$665m
Eltek ASASoldDeltronics B.V.2014$472m
Apotek Hjärtat ABSoldICA Gruppen2014$675m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Industrials & Manufacturing

What companies have actually sold for in industrials & manufacturing, across 1,298 recorded transactions.

Median consideration$110m
Middle 50%$32m-$303m
Revenue multiple1.2×
EBITDA multiple8.05×

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