Wiersholm advised Altor in the acquisition of Elixia

Wiersholm advised Altor Fund III in their acquisition of the health & fitness chain Elixia, from Norvestor, Storebrand and Bjørn Maaseide. Elixia is, next to Sats, a market-leading fitness centre in Norway controlling 22% of the market. The company has 34 fitness centers in Norway, 10 in Finland and two in Sweden and a total of 162,000 members.

The transaction is expected to close in June subject to customary closing conditions.

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 read the press release from Altor, please click here.