Divestiture • Renewable Energy

Altor Equity Partners Acquires Svea Solar

On March 24, 2022, private equity firm Altor Equity Partners acquired renewable energy company Svea Solar from Axel Johnson International AB

Acquisition Context
  • This is Altor Equity Partners’ 2nd transaction in the Renewable Energy sector.
  • This is Altor Equity Partners’ 42nd transaction in Sweden.

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M&A Deal Summary

Date March 24, 2022
Target Svea Solar
Sector Renewable Energy
Buyer(s) Altor Equity Partners
Sellers(s) Axel Johnson International AB
Deal Type Divestiture

Target Company

Svea Solar

Bromma, Sweden
Svea Solar is a green energy and installs solar systems, car chargers, and batteries. Svea Solar was founded in 2013 and is based in Bromma, Sweden.
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Buyer Overview 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 Context for Buyer #
Overall 89 of 99
Sector: Renewable Energy 2 of 2
Type: Divestiture 6 of 6
Country: Sweden 42 of 46
Year: 2022 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 OptiGroup

Molndal, Sweden

OptiGroup is a distribution group offering customised supply solutions to B2B customers. OptiGroup companies specialise in providing customers, primarily within cleaning & facility management, hotel & restaurant, healthcare, manufacturing industries and the graphical sector, with products and services that streamline operations and promote a more successful business. OptiGroup was founded in 1936 and is based in Molndal, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Nordic Climate Group

Danderyd, Sweden

Nordic Climate Group is a provider of services and installations of cooling and heating systems. NCG focuses on helping their customers minimize climate footprint through maximizing energy efficiency and by driving the shift towards climate neutral refrigerants. Nordic Climate Group was founded in 2021 and is based in Danderyd, Sweden.

Buy -

Seller Profile 1

SELLER

Axel Johnson International AB

Stockholm, Sweden

Category Company
Founded 1981
Sector Distribution
DESCRIPTION

Axel Johnson International AB is a distributor of steel wires, pumps, bearings, heavy duty vehicle components.


Deal Context for Seller #
Overall 7 of 7
Sector: Renewable Energy 1 of 1
Type: Divestiture 6 of 6
Country: Sweden 6 of 6
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Otovo

Oslo, Norway

Otovo is a provider of solar panels on the roof, with no hassle and no upfront cost. Otovo was founded in 2016 and is based in Oslo, Norway.

Buy -

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