M&A Deal Summary

Altor Equity Partners and Triton Partners Acquire OptiGroup

On April 30, 2008, private equity firms Altor Equity Partners and Triton Partners acquired distribution company OptiGroup from Weston Presidio and Stora Enso Oyj

Acquisition Highlights
  • This is Altor Equity Partners’ 2nd and Triton Partners’ 1st transaction in the Distribution sector.
  • This is Altor Equity Partners’ 11th and Triton Partners’ 8th transaction in Sweden.
Investment Fate
  • OptiGroup was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2008-04-30
Target OptiGroup
Sector Distribution
Buyer(s) Altor Equity Partners
Triton Partners
Sellers(s) Weston Presidio
Stora Enso Oyj
Deal Type Divestiture

Target

OptiGroup

Molndal, Sweden
website
OptiGroup is a distribution Group offering customised supply solutions to B2B customers. OptiGroup companies specialise in providing customers, primarily within cleaning & facility management, hotel & restaurant, healthcare, manufacturing industries and the graphical sector, with products and services that streamline operations and promote a more successful business. OptiGroup was founded in 1936 and is based in Molndal, Sweden.

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Buyer(S) 2

Buyer

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 23 of 89
Sector (Distribution) 2 of 3
Type (Divestiture) 2 of 6
Country (Sweden) 11 of 41
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 Constructor Group

Oslo, Norway

Constructor Group is a provider of storage and handling solutions. Constructor Group is the second largest provider of storage solutions for the industrial segment in Europe and the largest in commercial.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 SPT Group

Kjeller, Norway

SPT Group provides a combination of software and consulting services to the international petroleum industry. The company's two main business activities are software development/sale and consulting work in multiphase flow and reservoir simulation. SPT Group was founded in 1989 and is based in Kjeller, Norway.

Buy -
Buyer

Triton Partners

Frankfurt, Germany

Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 17 of 87
Sector (Distribution) 1 of 4
Type (Divestiture) 11 of 29
Country (Sweden) 8 of 20
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 Rütgers

Hanau, Germany

Leading supplier of basic aromatic products and carbon-based downstream technology products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-04 Assemblin

Stockholm, Sweden

Assemblin is a technical installation/services company focused on specialist services - primarily within Electrical, Heating & Plumbing, and HVAC. The Company offers an array of services in heating and water sanitation, ventilation and electrical installation under the brand Assemblin. Assemblin was founded in 1949 and is based in Stockholm, Sweden.

Sell -

Seller(S) 2

SELLER

Weston Presidio

Boston, Massachusetts, United States

Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 25 of 52
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 1
Year (2008) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-21 Zoots

Newton, Massachusetts, United States

Zoots is a chain of dry cleaning stores and delivery routes that offers greater convenience and improved service through centralized cleaning facilities, 24-hour access for drop-off and pick-up, e-mail notification of when orders are ready and larger more convenient store locations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 RedEnvelope

San Francisco, California, United States

RedEnvelope is an online retailer of unique and stylish gifts for all occasions. RedEnvelope's refined merchandise and simple design make it the definitive online resource for elegant gift-giving.

Sell -
SELLER

Stora Enso Oyj

Helsinki, Finland

website

Category Company
Founded 1998
Sector Forest Products
DESCRIPTION

Stora Enso Oyj is a Finnish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso-Gutzeit Oy in 1998.

DEAL STATS #
Overall 3 of 6
Sector (Distribution) 1 of 2
Type (Divestiture) 3 of 6
Country (Sweden) 1 of 2
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Stora Enso North America

Stamford, Connecticut, United States

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Kotkamills Oy

Kotka, Finland

Kotkamills Oy is a manufacturer of quality specialty papers and wood-based products for the laminate, plywood, construction and magazine industries around the world. Kotkamills Oy was established in 1872 and is based in Kotka, Finland.

Sell -
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