M&A Deal Summary

Altor Equity Partners Acquires Multi-Wing

On June 17, 2021, private equity firm Altor Equity Partners acquired automotive company Multi-Wing

Acquisition Highlights
  • This is Altor Equity Partners’ 4th transaction in the Automotive sector.
  • This is Altor Equity Partners’ 11th transaction in Denmark.

M&A Deal Summary

Date 2021-06-17
Target Multi-Wing
Sector Automotive
Buyer(s) Altor Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Multi-Wing

Vedbaek, Denmark
Multi-Wing specializes in design and assembly of tailor-made axial fan products for HVAC/R and engine cooling applications. Multi-Wing offers custom-designed axial fans with more than 100,000 possible configurations and tailored one-piece-molded options and has a strong diversified blue-chip customer base, including leading off-highway vehicle and HVAC/R OEMs. Multi-Wing was founded in 1938 and is based in Vedbaek, 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 84 of 99
Sector: Automotive M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 39 of 43
Country: Denmark M&A 11 of 12
Year: 2021 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Revolutionrace

Boras, Sweden

Revolutionrace sells outdoor apparel through a direct-to-consumer model, with an innovative design, high quality and functionality at an affordable price point. Revolutionrace was founded in 2013 and is based in Boras, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Navico

Tulsa, Oklahoma, United States

Navico is a provider in marine electronics for the recreational segment and is an innovative force within the commercial marine market. Navico offers multi-function displays, fish finders, autopilots, sonar, radar, and cartography. Navico strong brands serve most major powerboat and sailing markets for both recreational and commercial applications. Navico was founded in 2006 and is based in Tulsa, Oklahoma.

Sell $1.1B