Altor buys stake in O'Leary's

The deal has been valued at around SEK 800m, according to Swedish business daily Dagens Industri. It also reported Altor partner Harald Mix saying that an IPO would be a good option for the company in future.

With the fresh capital, O'Leary's intends to continue growing both in Europe and internationally.

Media reports said Altor was to acquire a 25% stake, with plans to acquire 40-45% of the company within two years.

Altor held a final close for its latest vehicle, Altor Fund IV, on its hard-cap of €2bn in July 2014. The fund was 55% deployed as of October 2017, according to Unquote Data.

Company
Founded in 1988 and headquartered in Stockholm, O'Leary's is a chain of sports-themed and entertainment-focused restaurants with around 130 outlets in Europe, Dubai, China and Russia. The company posted a turnover of SEK 2.3bn in 2017. 

People
O'Leary's – Christian Bellander (CEO). 
Altor Equity Partners – Harald Mix (partner); Andreas Källström Säfweräng (director).

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