Altor
Private equityCopenhagen · Series B–Late Stage · 86 people tracked
Also known as Altior Capital Management Llc
Investment thesis
Altor partners with management teams and entrepreneurs to acquire majority stakes in established Northern European companies, supporting above-market growth, geographic expansion and value creation. Drawing on an industrial heritage, the firm focuses on sectors such as manufacturing, financial services, consumer brands and industrials, with an emphasis on sustainability and the reindustrialization of Europe across modern manufacturing, resource efficiency and decarbonization. Investments are made across successive funds (Fund III through Fund VI and the ACT vehicle), and Altor positions itself as an active, engaged owner over long holding periods.
Source: firm website, verified Aug 7, 2026.
Team · 86 people
from the firm's website
What they invest in
from 38 of 113 portfolio companiesConsumer ×8Hardware ×8Advanced Manufacturing ×7Energy ×5FoodTech ×5Healthtech ×5AgTech ×4Climate Tech ×4
HQs:Sweden×10Norway×6Canada×1Chile×1Germany×1Finland×1
Investments · 113 tracked
founders shown can be your intro pathAmpco manufactures forged and cast engineered products, as well as precision air and liquid processing equipment including heat exchangers, centrifugal pumps, and air handling systems for power generation, defense, pharmaceutical, and healthcare markets.
Advanced ManufacturingHardware
Nordic Tyre Group is a tyre wholesaler and distributor across the Nordics and Baltics, serving tyre retailers, car dealers, and automotive workshops through a technology-driven supply chain platform.
Logistics & Supply ChainSaaSStockholm, SE
Patrick Bergander(CEO)
Aarke designs premium home essentials such as water carbonators and water purifiers that filter tap water by removing heavy metals and chlorine while adding minerals.
ConsumerDirect to ConsumerE-commerce
AGR is a global energy, marine and engineering consultancy providing technical advisory, reserves assessment, well intervention, and decarbonization solutions for the oil and gas, renewables, and maritime sectors throughout project lifecycles.
EnergyEnterprise Software
Aira provides clean energy solutions centered on heat pumps, making renewable heating technology accessible and affordable for residential homes across Europe.
CleantechClimate TechEnergy
Manufacturer of front loaders and loader attachments for tractors under the Quicke brand, including bale handling equipment, grabs, buckets, and counterweights for agricultural use.
Advanced ManufacturingAgTechHardware
An online pharmacy that delivers prescription medications with free shipping.
E-commerceHealthtech
ByggMax is an online retailer offering a broad range of products, primarily serving Swedish customers based on language and currency references.
Retail Tech
DNB Carnegie is an investment banking firm offering advisory and financial services to corporate clients.
FintechStockholm, SE
CTEK develops and sells battery chargers, maintenance devices, jump starters, and EV charging stations for cars, motorcycles, boats, and commercial vehicles.
EnergyHardwareMobility & Transportation
Curato matches Norwegian patients with private X-ray clinics for radiological services including MR, CT, and mammography.
B2B MarketplacesHealthtechMedical DevicesNorway, NO
Enhanced Drilling develops offshore well drilling technologies that improve pressure control, wellbore stability, and fluid management across multiple drilling phases.
Deep TechEnergyHardware
Euro Cater is a food service supplier operating across Scandinavia, offering over 70,000 products including fresh ingredients, equipment, and supplies to restaurants, hotels, caterers, and professional kitchens.
FoodTechScandinavia, SE
Ferrosan Medical Devices manufactures gelatine-based hemostatic sponges and biopsy devices for surgical and diagnostic applications, serving healthcare professionals globally.
BiotechHealthtechMedical Devices
Hamlet Protein produces soy protein products for young animal nutrition.
AgTechFoodTech
IDEAL OF SWEDEN designs and sells phone cases, bags, and mobile accessories such as screen protectors, phone rings, holders, wristlets, straps, and card holders, many with magnetic or MagSafe compatibility.
ConsumerDirect to ConsumerE-commerce
Marshall manufactures and sells audio equipment including speakers, headphones, and home audio systems for music enthusiasts and consumers.
ConsumerHardware
Max Matthiessen is a Swedish financial advisory and insurance firm that helps companies and individuals with pensions, insurance, wealth management, and digital administration services.
Enterprise SoftwareFintechSaaSSweden, SE
Max Matthiessen
Exits · 2
IPOs and acquisitions across the tracked portfolioAmpco-PittsburghNYSE: APMarshall Groupacq. by HongShan Capital Group
Portfolio news
latest coverage across their companiesStegra · themachinemaker.com · Jul 8, 2026
Aira · finsmes.com · Aug 11, 2025
Fund performance · per public LP disclosures · 3
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Altor III Co-InvestLPs: Orange County Employees Retirement System | 2025 | — | — | 1.20x | — |
| Altor Act ILPs: Contra Costa County Employees' Retirement Association | 2024 | — | — | 0.90x | 0.00x |
| Altor Fund VILPs: Orange County Employees Retirement System | 2022 | — | 39.3% | 1.30x | 0.36x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Altor invest at?
- Altor invests at the Series B, Series C, Growth, Late Stage stages.
- What sectors does Altor focus on?
- Altor focuses on Advanced Manufacturing, Circular Economy, Cleantech, Climate Tech, Consumer, Energy, Enterprise Software, Fintech, Travel & Hospitality.
- Where is Altor located?
- Altor is headquartered in Copenhagen, DK.
- Does Altor lead rounds?
- Yes, Altor leads investment rounds.
Media · Podcasts & interviews
featuring the teamTech trifft Geopolitik – Hajo Krösche (Altor) und Michael Laha (DGAP) im Gespräch
Annette Weisbach · Hajo Krösche
Images
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