Acquisition of Norican GroupFIH Partners advised Altor, one of the leading private equity groups in Northern Europe, on the acquisition of Norican Holdings ApS.
Norican is a global company with more than 2,200 employees headquartered in Taastrup, Denmark. The company also has a divisional headquarter in Altrincham, UK and production in Denmark, China, India, US, Mexico, Germany, Czech Republic, Poland and France.
Norican is a leading global provider of a broad equipment and services portfolio to the metallic parts formation and preparation industries. The company has a diversified customer base spanning more than 15,000 active customers in almost 100 countries and over 30 end-markets. The company works closely together with its customers in order to develop innovative and cost-efficient solutions that fit the customers’ individual needs.
Mid Europa and Accession II Investment Capital Ltd are the selling majority shareholders and after the transaction Altor, together with management, will hold 100 % of the shares. Altor’s fourth fund closed in July 2014 and Norican is the second acquisition to be made.
FIH Partners acted as exclusive financial advisor to Altor Fund IV on the transaction.