Varie
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.
Tor Krusell , Head of Communications at Altor, tor.krusell@altor.com, +46 705 43 87 47
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https://news.cision.com/altor/r/altor-acquires-a-majority-stake-in-oceansapart---continues-its-long-standing-success-story-within-th,c3391273