Wiersholm advised Altor Fund III

Wiersholm advised Altor Fund III in their acquisition of Veolia Miljø AS from Veolia Propreté in France.

Veolia Miljø is Norway's leading environmental services provider and offers a wide range of sustainable waste management and recycling solutions, working with businesses, industry and local authorities across the country from more than 70 locations. Veolia Miljø has roots back to 1926 and a substantial part of the business carried previously the name “Norsk Gjenvinning” until 2003.

The transaction is expected to close in March subject to customary closing conditions. After closing, the company and its subsidiaries will change names, and are likely to revert back to some of the previous trading names.

About the Altor funds

The Altor funds are private equity funds comprising the “Altor 2003 Fund”, with committed capital of EUR 650 million, the “Altor Fund II”, with committed capital of EUR 1,150 million and also the “Altor Fund III”, with committed capital of EUR 2,000 million. The Altor funds are advised by Altor Equity Partners. The Altor funds invest in companies in the Nordic region with a focus on value creation through growth initiatives, strategic development and operational improvements and have since their inception in 2003 invested in 27 platform investments and more than 30 add-on acquisitions. Investments include Lindorff, AGR, Relacom, Navico, SPT Group, Helly Hansen, Constructor, Sonion, Apotek Hjärtat, Carnegie, Papyrus, Wrist, and Byggmax. For more information, please visit www.altor.com.

Wiersholm’s team was headed by Nils H. Thommessen.

To visit the press release from Altor, please click here.