Deal Details

Altor Acquires Majority Stake in F24

Technology & Services

Altor acquisition of majority stake in F24, a portfolio company of Hg

Summary

Altor Equity Partners ("Altor") has signed a binding agreement to acquire a majority stake in F24 (the "Company"), a portfolio company of Hg Capital (“Hg”). F24’s management will reinvest and Hg will retain a minority stake in the Company. The transaction is subject to regulatory approvals and customary closing conditions.

Baird served as exclusive financial advisor to Altor on this transaction.

We are excited to join forces with co-founder Christian Götz, Dr. Jörg Rahmer and the management team at F24. F24 is a pioneer in building organizational resilience in the face of an increasingly volatile world. Their commitment to delivering high-quality solutions has earned them a stellar reputation across Europe and a loyal customer base. Together with Hg, we look forward to accelerating F24’s growth and expansion into new markets.
Hajo Krösche (Partner, ALTOR)

About

Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 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 current and past investments are Trioworld, OX2, Carnegie, Kaefer, FLSmidth, Rossignol and Toteme. Altor is headquartered in Stockholm, Sweden.

F24 is Europe’s leading Software-as-a-Service (SaaS) provider for Business Resilience. More than 5,200 customers worldwide rely on F24’s digital solutions, which support companies and organisations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance. The Company supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism and aviation to a wide variety of public organisations. Many years of international experience have made F24 experts in improving resilience with digital solutions. F24 is headquartered in Munich, Germany.

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with around 110,000 employees, consistently growing revenues at more than 20% annually. Hg is headquartered in London, United Kingdom.

Technology & Services

Altor acquisition of majority stake in F24, a portfolio company of Hg