Altor acquires a majority stake in oceansapart - continues its long-standing success story within the apparel industry

"The investment in oceansapart builds on Altor's successful investment track-record in the apparel and direct-to-consumer market. Altor has recently made an IPO of RevolutionRace, the online direct-to-consumer outdoor sports apparel company, on the Nasdaq Stockholm stock exchange. We have invested across a broad range of direct-to-consumer and sportswear apparel brands, including Helly Hansen, Rossignol, iDeal of Sweden or Network of Design. The whole Altor team is excited about this investment and to partner with such a fast growing and dynamic company." says Klas Johansson, Partner and Head of DACH Altor. 

"Focusing on inclusivity, oceansapart is a uniquely positioned direct-to-consumer athleisure company. Its profitable growth track-record is truly impressive - having expanded into five countries within its first four years already. We are excited to partner with the founders on their continued internationalization journey." says Giovanna Maag, Partner in Altor's Zurich office.

Altor will partner with a value creating investor. The completion of the investment remains subject to review and approval from relevant authorities.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, [email protected], +46 705 43 87 47

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