Capillar Equity

Private equity firm Altor has signed an agreement to acquire a majority stake in Nordic Climate Group, a leading refrigeration contractor in Sweden and Norway, from Capillar Equity. The group has estimated revenues of SEK2.2 billion and employs around 800 people.

Altor Fund V has signed an agreement to acquire a majority stake in Nordic Climate Group, a services and solutions company in the cooling and heating industry, from Capillar Equity. The transaction is subject to regulatory approval.

Capillar Equity has created Nordic Climate Group, a Swedish refrigeration and technical solutions group, by acquiring 20 companies and 12 franchisees. The group has combined sales of SEK 1.3 billion and about 500 employees, with Capillar holding just over 50% of shares.

Nordic Climate Group, newly established with Capillar Equity, acquired LL:s Kylteknik, a Swedish refrigeration technology company with 25 employees and SEK 80 million turnover. The deal was announced on May 16, 2021.