Altor hires MD from EQT in push for tech investments in DACH

Krösche started in the new role as a partner focused on DACH on September 1 and joined Klas Johansson, co-managing partner at the firm, as well as partner Giovanna Maag. They are based in Zurich, the statement said.

Krösche brings experience especially in the technology sector, including in software companies and digital marketplaces. During EQT’s time, he managed the investment in FocusVision, which was then merged with Verdane-owned Confirmit. Through the combination, EQT – together with co-owner Verdane – created Forsta, a provider of customer experience and market research technology. The business was sold to US-based healthcare analytics group Press Ganey in February, it said.

In EQT, Krösche worked in both the Munich and the New York office. Prior to this, he worked for Bain Capital and McKinsey & Company, it said.

Altor opened its Zurich office to tap into the DACH market in 2019, as reported. It has since invested in consumer and retail businesses including dental group Konfidents and D2C clothing brand Oceansapart, it said.

Altor is investing from Fund V, which raised EUR 2.5bn in 2019. The fund primarily targets Nordic mid-market companies with EV between EUR 100m- EUR 250m and revenues of EUR 50m-EUR 500m, but can also look for opportunities in the DACH region. It will deploy equity tickets between EUR 50m- EUR 150m. Its investment mandate will also allow it to make minority investments in publicly traded companies and distressed debt.

[Editor's Note: Post publication, the text has been amended to clarify that Hajo JaKrösche has joined Altor Equity as a partner focused on DACH region and not as managing partner as previously stated.] 

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