Global law firm White & Case LLP has advised Altor on the sale of Ålö Holding AB (Ålö) to JOST Werke AG (JOST).
Ålö is the global market leader in front loaders and associated implements for agricultural tractors, with sales in more than 40 countries. Front loaders and implements are sold under the Quicke brand as well as in cooperation with tractor original equipment manufacturers. The company has production facilities in Sweden, US, China and France.
JOST is a leading global producer and supplier of safety-critical systems for commercial vehicles with core brands such as "JOST", "ROCKINGER", "TRIDEC" and "Edbro". With its sales and production facilities in 22 countries across five continents, JOST has direct access to all major truck and trailer manufacturers and relevant end customers. JOST currently employs about 2,900 staff worldwide and has been listed on the Frankfurt Stock Exchange since 20 July 2017.
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.
The White & Case team which advised on the transaction was led by partner Johan Steen (Stockholm), with support from partners Farhad Jalinous (Washington, DC), Alexandre Jaurett (Paris) and Matthias Kiesewetter (Hamburg), local partner Jan Ole Eichstaedt (Frankfurt), counsel Stacia Sowerby (Washington, DC) and associates Jonas Lagerroos, Pontus Mattsson and Pontus Grönberg (all Stockholm), Julia Cornelius (Hamburg), Caroline Cima (New York) and Xiaofeng (Allison) Gong (Beijing).
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