M&A Deal Summary

Altor Equity Partners Acquires Norican Group

On December 19, 2014, private equity firm Altor Equity Partners acquired machinery company Norican Group from Mid Europa Partners

Acquisition Highlights
  • This is Altor Equity Partners’ 4th transaction in the Machinery sector.
  • This is Altor Equity Partners’ 8th transaction in Denmark.

M&A Deal Summary

Date 2014-12-19
Target Norican Group
Sector Machinery
Buyer(s) Altor Equity Partners
Sellers(s) Mid Europa Partners
Deal Type Secondary Buyout

Target

Norican Group

Herlev, Denmark
Norican Group designs, manufactures, distributes, installs and maintains a wide range of moulding and surface preparation solutions, including standard and custom tailored stationary moulding, wheel-blast and air-blast systems, and related replacement parts and aftermarket services. Norican Group was founded in 2008 and is based in Herlev, Denmark.

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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 48 of 91
Sector (Machinery) 4 of 5
Type (Secondary Buyout) 13 of 23
Country (Denmark) 8 of 12
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Spectrum ASA

Oslo, Norway

Spectrum ASA is a provider of innovative Multi-Client seismic surveys and high- quality seismic imaging services to the global oil and gas industry from offices in Norway, UK, USA, Brazil, Egypt, Australia, Indonesia, and Singapore. Spectrum designs acquire and process seismic data to deliver high-quality solutions through its dedicated and experienced workforce.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Dustin Group

Nacka, Sweden

Dustin is an online based reseller of IT products and services in the Nordics, offering a wide product and service range to businesses, public organizations and consumers, primarily through its online platform. Dustin was founded in 1984 and is based in Nacka Strand, Sweden.

Sell -

Seller(S) 1

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 14 of 26
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 3 of 7
Country (Denmark) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 SBB

Beograd, Serbia

SBB is a cable TV and broadband internet operator in Europe, and Mid-Europa and is committed to the continued development of cable TV and internet business. SBB was formed in 2002 and is based in Beograd, Serbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Moji Brendovi

Belgrade, Serbia

Moji Brendovi is a provider of milk and dairy products. Moji Brendovi is based in Belgrade, Serbia.

Buy -