Investment Summary

Altor Equity Partners Invests In Eltek ASA

On November 12, 2010, private equity firm Altor Equity Partners invested in energy services and equipment company Eltek ASA

Investment Highlights
  • This is Altor Equity Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Altor Equity Partners’ 7th transaction in Norway.
Investment Fate
  • Eltek ASA was sold to a strategic buyer in 2014 for 3.9B NOK.

Investment Summary

Date 2010-11-12
Target Eltek ASA
Sector Energy Services and Equipment
Investor(s) Altor Equity Partners
Deal Type PIPE

Target

Eltek ASA

Drammen, Norway
Eltek Group is a power conversion specialist. Eltek develops and markets energy systems for telecom, renewable energy, electric vehicles and industrial applications as well as other information and communication related services. Eltek carries out its business through two main companies and their subsidiaries: Eltek Valere (energy systems) and Nera Telecommunications (telecom and infocom).

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Investor(S) 1

Investor

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 32 of 99
Sector: Energy Services and Equipment M&A 2 of 4
Type: PIPE M&A Deals 1 of 1
Country: Norway M&A 7 of 20
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Byggmax Group AB

Solna, Sweden

Byggmax is an aggressive discount retailer in the building materials trade in the Nordic region. Byggmax has established a strong market position in the Swedish DIY market as a clearly profiled discount retailer and has proved the concept can be successfully established in other markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-13 Aalborg Industries A/S

Aalborg, Denmark

Aalborg Industries A/S is a supplier of boilers and ancillary installations for use in the engine rooms of large vessels and, to a lesser extent, boilers for industrial enterprises.

Sell kr5.0B