M&A Deal Summary

Altor Equity Partners Acquires F24

On July 1, 2024, private equity firm Altor Equity Partners acquired internet software and services company F24 from HgCapital

Acquisition Highlights
  • This is Altor Equity Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Altor Equity Partners’ 4th transaction in Germany.

M&A Deal Summary

Date 2024-07-01
Target F24
Sector Internet Software and Services
Buyer(s) Altor Equity Partners
Sellers(s) HgCapital
Deal Type Secondary Buyout

Target

F24

Munich, Germany
F24 is a Software-as-a-Service (SaaS) provider for Business Resilience by supporting companies and organizations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance. It supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism, and aviation to a wide variety of public organisations. F24 was formed in 2000 and is based in Munich, Germany.

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Buyer(S) 1

Buyer

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


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 91 of 91
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 23 of 23
Country (Germany) 4 of 4
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Permascand

Ljungaverk, Sweden

Permascand is an engineering and manufacturing company across the business areas of electrochemical process technology, water treatment systems and welded equipment & components. Permascand was founded in 1971 and is based in Ljungaverk, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Silo AI

Helsinki, Finland

Silo AI connects AI scientists with real-world problems and helps companies succeed in building cutting-edge AI. The company provides state-of-the-art AI expertise and tooling, having delivered over 200+ production-level AI projects to date. Silo AI was founded in 2017 and is based in Helsinki, Finland.

Sell $665M

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 87 of 87
Sector (Internet Software and Services) 13 of 13
Type (Secondary Buyout) 32 of 32
Country (Germany) 18 of 18
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 AuditBoard

Cerritos, California, United States

AuditBoard is a cloud-based platform transforming audit, risk, compliance, and ESG management. AuditBoard was founded in 2014 and is based in Cerritos, California.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Ncontracts

Brentwood, Tennessee, United States

Ncontracts provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts was founded in 2009 and is based in Brentwood, Tennessee.

Buy -