M&A Deal Summary

Altor Equity Partners Acquires Navico

On September 1, 2006, private equity firm Altor Equity Partners acquired electronics company Navico

Acquisition Highlights
  • This is Altor Equity Partners’ 1st transaction in the Electronics sector.
  • This is Altor Equity Partners’ 1st transaction in the United States.
  • This is Altor Equity Partners’ 1st transaction in Oklahoma.
Investment Fate
  • Navico was sold to a consortium of financial buyers in 2016.
  • Navico was sold to a strategic buyer in 2021 for 1.1B USD.

M&A Deal Summary

Date 2006-09-01
Target Navico
Sector Electronics
Buyer(s) Altor Equity Partners
Deal Type Consolidation

Target

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.

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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 15 of 99
Sector: Electronics M&A 1 of 3
Type: Consolidation M&A Deals 1 of 6
State: Oklahoma M&A 1 of 2
Country: United States M&A 1 of 5
Year: 2006 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-30 Helly Hansen

Oslo, Norway

Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Within its core categories of sailing, skiing, mountain, urban, rainwear, and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. Helly Hansen was formed in 1877 and is headquartered in Oslo, Norway.

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