The private equity fund Altor Equity Partners (“Altor”) has acquired a majority stake in IMBOX Protection (“IMBOX”). The former owners will reinvest in the company and remain significant shareholders.
Founded in 2009, IMBOX offers the only in-store shoe protection machines in the world. IMBOX is currently present in 37 countries and has an installed base of around 9,700 machines in approx. 8,900 stores.
IMBOX is headquartered in Skødstrup, Denmark, where the company designs and develops the globally patented technology. Founder René Marker will continue in his role as CEO.
Altor invests primarily in medium-sized businesses in the Nordic countries and the DACH region, focusing on value-adding growth initiatives and operational improvements. Since Altor’s formation, its funds have raised more than EUR 12bn in more than 100 companies.
Accura advised Altor in connection with the transaction.