Altor has acquired 10.5% of the share capital in FLSmidth & Co. through a combination of acquisitions on the market and a reversed accelerated bookbuilding of existing shares.
The Altor funds invest 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 almost 20 years ago, its funds have invested more than EUR 5bn in more than 85 businesses.
FLSmidth & Co. provides market-leading technology, products and service solutions which help its customers in the global mining and cement industries improve performance, lower operating costs and reduce environmental impact.
Accura advised Altor in connection with the transaction.