Altor acquires Orchid Orthopedic

This is Altor's sixth acquisition in 2011, making it the most active Nordic buyout house by some margin. Altor typically focuses on making investments in Nordic companies. It is believed that Hans Stråberg, former CEO of Electrolux and current board member of Orchid and an adviser to Altor played a part in the origination of the deal. The value of the transaction has not been disclosed.

The investor is looking to support the company in continuing to grow organically and through international expansion. Altor believes the company will benefit from an increase in public and private healthcare spend due to an ageing population in Western markets. SEB was the sole mandated lead arranger and book runner of the senior bank facilities. Proventus Capital Partners was the sole arranger of a mezzanine facility.

Orchid Orthopedic Solutions was founded in 2005 and provides contract design and manufacturing solutions for the orthopedic, dental and cardiovascular markets. The company is headquartered in Holt, Michigan.

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• Topics
• Nordics
• Healthcare
• Buyouts
• Exits
• Altor
• SEB