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Laxman Pai, Opalesque Asia: Altor Equity Partners, a private investment firm focused on leveraged buyouts and growth capital investments, has closed Altor Fund VI at its hard cap of EUR 3 billion ($3.26bn) from world-leading investors, which makes this Altor's largest fund ever raised.
"Altor will continue their focused strategy of investing in mid-market companies in the Nordic and DACH region, with an increased focus on green transition investments," the private equity firm said in a press release.
As per the release, Altor has over the last 20 years consistently been ranked among the leading private equity firms globally based on long-term performance.
"Realized investments have generated a gross IRR of 29% and a money multiple of 3.0x. This performance has enabled Altor to raise its largest fund to date, Fund VI, in an overall challenging fundraising market," it said.
"Our successful fundraising is a result of our continued strong performance through the difficult macro environment. Since the onset of COVID our portfolio has increased 60% in value" says Paal Weberg, co-managing Partner at Altor. "This is underpinned by continuing our focused strategy on building companies and improving earnings. Driven by this, our companies have continued to perform well and grown EBITA 16% in 2023."
Altor Fund VI, is already off to a great start, having made seven investments, accounting for more than 1/3rd of committed cap...................... To view our full article Click here
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