Altor divests Flex IT Distribution to Eurazeo
The transaction merges the company with T1A Group to form a €150 million circular IT platform serving over 13,000 European customers.
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European mid-market private equity firm
altor.comLast updated
In short: Altor completed major divestments including Nordic Leisure Travel Group and RevolutionRace, while acquiring a majority in Sleep Cycle.
The transaction merges the company with T1A Group to form a €150 million circular IT platform serving over 13,000 European customers.
The transaction is subject to regulatory approval and expected to close in Q4 2026, leaving Gunnebo focused on Safe Storage.
Snark BidCo now controls 79.2% of shares and intends to start compulsory redemption proceedings.
Snark BidCo acquired 78.2% after waiving acceptance condition and extended the acceptance period.
Altor is now extending the takeover offer for Sleep Cycle to July 2. So far, the private equity firm has received shares corresponding to 74.8 percent of the capital.
Nordic Leisure Travel Group operates brands including Ving, Spies and Tjäreborg alongside 26 concept hotels in destinations including Spain and Greece.
Altor makes a bid for smallcap-listed Sleep Cycle, with a bid price of SEK 24.50 per share. This corresponds to a premium of 47 percent compared to the closing price...
Sweden's influential Wallenberg family has stepped in to rescue a troubled green steel project in the north of the Scandinavian country. Stegra, formerly known as...
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