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Altor Equity Partners

Altor Equity Partners

Stockholm, Sweden·Founded 2003··altor.com

Altor Equity Partners is a Nordic-focused private equity firm making buyout and growth investments in mid-market and larger companies across industrials, consumer, business services and financial services, primarily in the Nordics and DACH region.

AUM
€8.3B
Funds
6
vintages 2003–2023
Portfolio
48
Exits
59

Key facts

HQStockholm, Sweden
Founded2003
Websitealtor.com

Recent exits

Mandatum
Financials2026 · 3yr hold
Nordic Leisure Travel Group
Hospitality2026 · 7yr hold
Hamlet Protein
Agriculture2026 · 11yr hold
Marshall Group
Consumer2025 · 2yr hold

Coverage notes

6 funds tracked, 107 portfolio companies (48 active · 59 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

107 companies
Industrials
21 · 20%
Consumer
20 · 19%
Business Services
10 · 9%
ClimateTech
7 · 7%
Financials
7 · 7%
Energy
5 · 5%
Construction
4 · 4%
Agriculture
4 · 4%

Funds & portfolio

Every fund Altor Equity Partners has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
Altor Fund VIBuyout
2023 · 3yr€3.0B14 active · 2 realized

Unrealized

14 held
Aira
AiraActive
ClimateTechSweden· Entry 2023
CCM HockeyActive
ConsumerCanada· Entry 2024
CirculoseActive
ClimateTechSweden· Entry 2024
ElicronActive
IndustrialsSweden· Entry 2024
ConstructionNorway· Entry 2026
Evac
EvacActive
IndustrialsFinland· Entry 2025
F24
F24Active
SaaSGermany· Entry 2024
FLSmidthActive
IndustrialsDenmark· Entry 2023
ImboxActive
ConsumerDenmark· Entry 2025
ConsumerDenmark· Entry 2025
FinancialsAustria· Entry 2024
SertionActive
ConstructionSweden· Entry 2026
Sleep CycleActive
HealthTechSweden· Entry 2026
VTUActive
Business ServicesAustria· Entry 2023

Realized

2 exits
MandatumExited 2026
FinancialsFinland· Entry 2023
Secondary
Marshall GroupExited 2025
ConsumerSweden· Entry 2023
Trade Saleto
Altor Fund VBuyoutHarvesting
2019 · 7yr€2.5B19 active · 6 realized

Unrealized

19 held
AarkeActive
ConsumerSweden· Entry 2020
AudiowellActive
TMTSweden· Entry 2021
EidraActive
Business ServicesSweden· Entry 2019
GunneboActive
IndustrialsSweden· Entry 2020
ClimateTechSweden· Entry 2021
ConsumerSweden· Entry 2019
KaeferActive
IndustrialsGermany· Entry 2021
Multi-WingActive
IndustrialsDenmark· Entry 2021
ConsumerSweden· Entry 2020
IndustrialsSweden· Entry 2022
QNTM GroupActive
SaaSSweden· Entry 2021
Raw FuryActive
GamingSweden· Entry 2021
RillionActive
SaaSSweden· Entry 2021
StegraActive
ClimateTechSweden· Entry 2021
Svea SolarActive
ClimateTechSweden· Entry 2022
TGSActive
EnergyNorway· Entry 2019
TotemeActive
ConsumerSweden· Entry 2021
TotêmeActive
ConsumerSweden· Entry 2021
VianodeActive
ClimateTechNorway· Entry 2022

Realized

6 exits
Eleda
EledaExited 2024
ConstructionSweden· Entry 2020
Secondaryto
HospitalitySweden· Entry 2019
Trade Saleto
Nordic Tyre GroupExited 2024
Business ServicesSweden· Entry 2019
Secondaryto
OceansapartExited 2024
E-commerceGermany· Entry 2021
Trade Saleto
OX2Exited 2024
ClimateTechSweden· Entry 2020
Trade Saleto
Silo AIExited 2024
AI/MLFinland· Entry 2022
Trade Saleto
Altor Fund IVBuyoutHarvesting
2014 · 12yr11 active · 10 realized

Unrealized

11 held
ConsumerNorway· Entry 2017
Faun GruppenActive
ConstructionNorway· Entry 2018
Flex ITActive
IT ServicesNetherlands· Entry 2016
IyunoActive
Business ServicesSouth Korea· Entry 2017
Ludvig & CoActive
Business ServicesSweden· Entry 2018
IndustrialsDenmark· Entry 2015
HospitalitySweden· Entry 2018
TranscomActive
Business ServicesSweden· Entry 2015
TresuActive
IndustrialsDenmark· Entry 2017
TrioworldActive
IndustrialsSweden· Entry 2018
Zahneins
ZahneinsActive
HealthcareGermany· Entry 2018

Realized

10 exits
CentralpointExited 2021
IT ServicesNetherlands· Entry 2016
Trade Saleto
CTEKExited 2021
IndustrialsSweden· Entry 2017
IPO
Gnist BarnehagerExited 2021
EducationNorway· Entry 2018
Trade Saleto
Hamlet ProteinExited 2026
AgricultureDenmark· Entry 2015
Trade Saleto
Nordic TrusteeExited 2021
FinancialsNorway· Entry 2017
Trade Saleto
Nova AustralExited 2024
AgricultureChile· Entry 2014
RettaExited 2025
Real EstateFinland· Entry 2016
Secondaryto
RevolutionRaceExited 2021
E-commerceSweden· Entry 2018
IPO
Sbanken ASAExited 2021
FintechNorway· Entry 2016
Trade Saleto
EnergyNorway· Entry 2014
Trade Saleto
Altor Fund IIIBuyoutHarvesting
2008 · 18yr4 active · 18 realized

Unrealized

4 held
C WorldWideActive
FinancialsDenmark· Entry 2009
IndustrialsDenmark· Entry 2012
MeltwaterActive
Data & AnalyticsNorway· Entry 2012
ConsumerFrance· Entry 2013

Realized

18 exits
EnergyNorway· Entry 2010
Trade Saleto
Åkers GroupExited 2016
IndustrialsSweden· Entry 2008
Trade Saleto
ÅlöExited 2020
AgricultureSweden· Entry 2011
Trade Saleto
Apotek HjärtatExited 2014
ConsumerSweden· Entry 2009
Trade Saleto
CarnegieExited 2025
FinancialsSweden· Entry 2009
Trade Saleto
FinancialsSweden· Entry 2009
Trade Saleto
CuratoExited 2014
HealthcareNorway· Entry 2010
Trade Saleto
Eltek GroupExited 2015
IndustrialsNorway· Entry 2010
Trade Saleto
EwosExited 2015
AgricultureNorway· Entry 2013
Trade Saleto
Lindorff GroupExited 2014
Business ServicesNorway· Entry 2008
Secondaryto
Max MatthiessenExited 2014
FinancialsSweden· Entry 2009
Trade Saleto
Norsk GjenvinningExited 2017
Business ServicesNorway· Entry 2011
Secondaryto
ONEExited 2020
IndustrialsSweden· Entry 2011
Trade Saleto
OptiGroup
OptiGroupExited 2022
Business ServicesSweden· Entry 2010
Trade Saleto
MedTechUS· Entry 2011
Secondaryto
SATSExited 2019
ConsumerNorway· Entry 2011
IPO
SonionExited 2014
MedTechDenmark· Entry 2009
Secondaryto
XXLExited 2025
ConsumerNorway· Entry 2010
Trade Saleto
Altor Fund IIBuyoutRealized
2006 · 20yr0 active · 13 realized

Realized

13 exits
BruynzeelExited 2021
IndustrialsNetherlands· Entry 2007
Secondaryto
DustinExited 2015
E-commerceSweden· Entry 2006
IPO
Euro CaterExited 2016
Business ServicesDenmark· Entry 2007
Secondaryto
Helly HansenExited 2012
ConsumerNorway· Entry 2006
Trade Saleto
NavicoExited 2021
IndustrialsNorway· Entry 2006
Trade Saleto
Nimbus BoatsExited 2012
ConsumerSweden· Entry 2006
IPO
NorthStarExited 2019
IndustrialsSweden· Entry 2007
Trade Saleto
OW BunkerExited 2014
EnergyDenmark· Entry 2007
IPO
PIABExited 2016
IndustrialsSweden· Entry 2006
Secondaryto
QmaticExited 2025
SoftwareSweden· Entry 2007
Trade Saleto
SPT GroupExited 2012
SoftwareNorway· Entry 2006
Trade Saleto
VatusExited 2009
HealthcareSweden· Entry 2007
Trade Saleto
Wrist Ship SupplyExited 2025
LogisticsDenmark· Entry 2007
Trade Saleto
Altor Fund IBuyoutRealized
2003 · 23yr0 active · 10 realized

Realized

10 exits
Aalborg IndustriesExited 2011
IndustrialsDenmark· Entry 2005
Trade Saleto
ACOExited 2004
ConsumerSweden· Entry 2003
Trade Saleto
Aco HudExited 2004
ConsumerSweden· Entry 2003
Trade Saleto
ByggmaxExited 2010
ConsumerSweden· Entry 2005
IPO
Enhanced DrillingExited 2019
EnergyNorway· Entry 2004
Secondaryto
FerrosanExited 2011
ConsumerDenmark· Entry 2005
Trade Saleto
MedTechDenmark· Entry 2005
Trade Saleto
MeynExited 2012
IndustrialsNetherlands· Entry 2005
Trade Saleto
PalodexExited 2009
MedTechFinland· Entry 2005
Trade Saleto
RelacomExited 2012
TelecomSweden· Entry 2005
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About Altor Equity Partners

Altor Equity Partners is the largest Nordic private equity firm with €12 billion plus of committed capital across seven funds as of December 2024, headquartered in Stockholm. The firm was launched in 2003 by Harald Mix and founding partners with Nordic Capital and Industri Kapital roots, and has built a 20 plus year track record in Nordic and DACH mid-to-large-cap buyouts. Altor remains a partner-owned independent firm, with Altor Fund VI closing in January 2024 at its €3 billion hard cap.

Investment thesis

Altor deploys capital through seven flagship funds (Fund I through Fund VI plus the dedicated Altor Climate Transition / ACT fund) targeting majority buyouts of Nordic and DACH mid-to-large-cap companies. Sector focus spans industrial, financial services, consumer and fashion, software and IT services, renewable energy and climate transition categories, with geographic deployment across Nordics core (Sweden, Norway, Finland, Denmark) plus DACH and selective broader European markets. The firm's dedicated ACT fund focuses exclusively on green transition opportunities, complementing the flagship buyout franchise with sector-specialist climate investment capacity.

Recent activity

Recent realised exits include specialty protein (2026), insurance (2026), apparel and consumer (2025), real estate services (2025) and retail and sporting goods (2025). Recent acquisitions include maritime tech (Evac, 2025), industrial components (Eltera, 2025), sportswear (CCM Hockey, 2024) and crisis communications software (F24, 2024). Altor continues deploying capital across its Fund VI vintage and dedicated climate transition strategy. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated March 2026 · Sourced from public filings · Report an issue