Buyout (LBO, MBO, MBI) • Business Services

Altor Equity Partners, Sponsor Capital and Investor Acquire Lindorff

On November 24, 2003, private equity firms Altor Equity Partners, Sponsor Capital and Investor acquired business services company Lindorff

Acquisition Context
  • This is Altor Equity Partners’ 1st, Sponsor Capital’s 2nd and Investor’s 1st transaction in the Business Services sector.
  • This is Altor Equity Partners’ 1st, Sponsor Capital’s 1st and Investor’s 1st transaction in Norway.
Investment Fate
  • Lindorff was sold to a consortium of financial buyers in 2014 for 2.3B EUR.
  • Lindorff merged with another company in 2017.

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M&A Deal Summary

Date November 24, 2003
Target Lindorff
Sector Business Services
Buyer(s) Altor Equity Partners
Sponsor Capital
Investor
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Lindorff

Oslo, Norway
Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.
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Buyers Overview 3

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 Context for Buyer #
Overall 2 of 99
Sector: Business Services 1 of 8
Type: Buyout (LBO, MBO, MBI) 2 of 43
Country: Norway 1 of 20
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Aco Hud AB

Upplands Vasby, Sweden

ACO Hud is the leading company for pharmaceutical and consumer skincare products in the pharmacy channel in the Nordic region. ACO Hud was focused on research and development and sales and marketing of prescription and consumer skincare products in the pharmacy channel. All production was outsourced with Oriflame and third parties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Dynapac AB

Jarfalla, Sweden

Dynapac is a leading global manufacturer of compaction and paving equipment for the road-building and construction markets founded in 1934.

Buy -
Buyer

Sponsor Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 428M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sponsor Capital is a private equity group focused on acquiring and investing in Finnish companies looking to expand abroad. The Firm targets profitable, stable businesses with €15 to €150 million in revenue. Prospective transaction situations include buyouts, growth capital financings, restructurings, family successions, divestitures, and privatizations. Sponsor Capital was established in 1997 and is headquartered in Helsinki.


Deal Context for Buyer #
Overall 5 of 34
Sector: Business Services 2 of 5
Type: Buyout (LBO, MBO, MBI) 2 of 15
Country: Norway 1 of 1
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Contant Oy

Turku, Finland

Contant Oy debt collectors in Finland with presence also in Estonia and Latvia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-21 Indoor Group

Vantaa, Finland

Indoor Group is a home furniture and interior furnishing retailer selling its products through well-known Asko and Sotka brands and stores. The group operates 34 Asko stores and 52 Sotka stores in Finland, five Asko and five Sotka stores in Estonia as well as online stores in both countries. The company owns a furniture factory in Lahti. Indoor Group was founded in 1999 and is based in Vantaa, Finland.

Sell -
Buyer

Investor

Stockholm, Sweden

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1916
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Investor AB is a Northern European industrial holding and investment company. Investor generates long-term returns by investing in companies with solid potential for value creation. Investor will consider opportunities in the US, Northern Europe and Asia. Investor AB is based Stockholm, Sweden.


Deal Context for Buyer #
Overall 9 of 17
Sector: Business Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 2
Country: Norway 1 of 1
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-02 Paratek Microwave

Nashua, New Hampshire, United States

Paratek Microwave, Inc. is a privately held company that offers tunable solutions for wireless communications networks. Paratek has invented a revolutionary new class of ETRF(TM) (Electronically Tunable Radio Frequency) components, including tunable filters, phase shifters, oscillators and delay lines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Husqvarna

Stockholm, Sweden

Husqvarna is a producer of outdoor power products, including robotic mowers, garden tractors, chainsaws, and trimmers. Husqvarna also produces consumer watering products as well as cutting equipment and diamond tools for the construction and stone industries. Husqvarna was founded in 1689 and is based in Stockholm, Sweden.

Buy -