White & Case Advises Altor on Acquisition of Gummigrossen and RengasDuo
Global law firm White & Case LLP has advised Altor on the acquisition of Gummigrossen and RengasDuo.
Gummigrossen and RengasDuo are market leading independent tire distributors in Sweden and Finland respectively. The companies had a combined turnover of approximately SEK 700 million in 2018.
Altor is a family of private equity funds focused on investing in and developing medium sized companies. Since inception, Altor has raised approximately €8.3 billion in total commitments and invested in excess of €4.2 billion in more than 60 companies. Current and past investments include Dustin, Byggmax, Optigroup, Infotheek, Wrist Ship Supply, Eurocater, Rossignol, Helly Hansen, SATS and Carnegie Investment Bank.
"This transaction illustrates our ability to transact with founder-led businesses and is the latest in a number of transactions in the e-commerce, retail and wholesale sectors in the Nordics," said White & Case partner Johan Steen, who co-led the deal team. "It follows our role advising on Nalka's acquisition of OneMed and FSN Capital on its acquisition of SneakersnStuff, Bygghemma and Furniturebox."
The White & Case team in Stockholm which advised on the transaction was led by partner Johan Steen and Oscar Liljeson with support from associates Jonas Lagerroos, Erik Larsson, Jonas Brandt, Alexander Berlin-Jarhamn and Pontus Grönberg.
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