M&A Deal Summary

Altor Equity Partners and TDR Capital Acquire Nordic Leisure Travel Group

On October 31, 2019, private equity firms Altor Equity Partners and TDR Capital acquired leisure company Nordic Leisure Travel Group

Acquisition Highlights
  • This is Altor Equity Partners’ 1st and TDR Capital’s 4th transaction in the Leisure sector.
  • This is Altor Equity Partners’ 29th and TDR Capital’s 1st transaction in Sweden.

M&A Deal Summary

Date 2019-10-31
Target Nordic Leisure Travel Group
Sector Leisure
Buyer(s) Altor Equity Partners
TDR Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Nordic Leisure Travel Group

Stockholm, Sweden
Nordic Leisure Travel Group is a tour operator in Nordics, selling package holidays to consumers under the brands Ving (SE/NO), Spies (DK) and Tjäreborg (FI). Company has an integrated operating model (tour operators, airline and hotel operations) across the four Nordic Countries, with short- and long-haul destinations across the world. Nordic Leisure Travel Group is based in Stockholm, Sweden.

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Buyer(S) 2

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 70 of 92
Sector (Leisure) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 34 of 38
Country (Sweden) 29 of 42
Year (2019) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Northstar Sitetel

Stockholm, Sweden

Northstar Sitetel has rapidly become one of the leading global producers of high performance, lead-acid batteries and has developed a strong telecom OEM offering of standby power systems through its SiteTel division.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 ARC

Stockholm, Sweden

ARC consists of digital first consultancies Curamando, Conversionista, Kurppa Hosk, Animal, Keybroker, Above, Cupole and Umain whom together combine digital transformation, performance marketing and creative agency under one roof to drive clients’ growth by increasing their digital competitiveness and capabilities to operate digital marketing and sales. ARC was founded in 2019 and is based in Stockholm, Sweden.

Buy -
Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 23 of 31
Sector (Leisure) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 7
Country (Sweden) 1 of 1
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 Constellation Automotive Group

Hampshire, United Kingdom

Constellation Automotive Group is a vehicle remarketing company specializes in multi-channel auctions of second-hand cars, vans, and trucks from leading European vehicle vendors. The company constantly offer thousands of used vehicles - all available for 24/7 viewing online. Constellation Automotive Group was formed in 1946 and is based in Hampshire, United Kingdom.

Buy £1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Globalization Partners

Boston, Massachusetts, United States

Globalization Partners is a global employment platform that simplifies remote team building by making it fast and easy for companies to hire anyone, anywhere, within minutes. Globalization Partners was founded in 2012 and is based in Boston, Massachusetts.

Buy -