White & Case advises Altor on public offer to acquire Permascand

Global law firm White & Case LLP has advised Altor on its public contemplated offer through a special purpose vehicle to acquire all shares of Permascand Top Holding AB (publ) and its subsidiaries.

Altor is a family of private equity funds focused on investing in and developing medium sized companies. Since inception, the family of Altor funds has raised more than €10 billion in total commitments and invested in approximately 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among Altor’s current and past investments are Trioworld, OX2, FLSmidth, H2 Green Steel, Aira and Vianode.

Established 50 years ago, Permascand is an independent technology-driven manufacturer of electrochemical solutions based on proprietary catalytic coatings for clean technology applications. It is headquartered in Ljungaverk, Sweden, with operations and sales in Sweden, Germany and North America.

The White & Case team which advised on the transaction was led by partner Johan Steen (Stockholm) and included partners Johan Thiman (Stockholm), Tilman Kuhn (Düsseldorf, Brussels), Orion Berg (Paris) and David Johansen (New York) and associates Andreas Lexhag, Gustaf Wiklund, Simon Strömbäck, Alexander Hase, Richard Martin (all Stockholm) and Joar Lindén (Brussels).

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