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M&A Deal Summary

Altor Equity Partners Acquires Circulose

On June 4, 2024, private equity firm Altor Equity Partners acquired apparel/textiles company Circulose

Acquisition Highlights
  • This is Altor Equity Partners’ 4th transaction in the Apparel/Textiles sector.
  • This is Altor Equity Partners’ 46th transaction in Sweden.

M&A Deal Summary
Date 2024-06-04
Target Circulose
Sector Apparel/Textiles
Buyer(s) Altor Equity Partners
Deal Type Special Situations/Distressed

Target

Circulose

Stockholm, Sweden
Circulose is a textile recycling company. The Company has a patented process to produce Circulose, a dissolving pulp made 100% from cellulose-based textile waste and is currently the only closed-loop recycled textile player at scale. Circulose was founded in 2012 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Altor Equity Partners

Stockholm, Sweden

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 96 of 98
Sector (Apparel/Textiles) 4 of 4
Type (Special Situations/Distressed) 1 of 1
Country (Sweden) 46 of 46
Year (2024) 2 of 4
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
2024-07-01 Oceansapart

Mannheim, Germany

Oceansapart is a direct-to-consumer brand, uniquely differentiated with a focus on non-competitive sports. Oceansapart markets its activewear with a strong focus on social and digital marketing in Western and Central Europe. Oceansapart was founded in 2018 and is based in Mannheim, Germany.

Sell -
Mergr

Product

Company

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