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Wrist's top line took a tumble in 2020

Ship supply company Wrist, owned by equity fund Altor, saw decline on both the top and bottom line in 2020, with several segments hit hard by the Covid-19 pandemic.

OW Bunker compensation claim suffers another blow

Wednesday: The High Court of Eastern Denmark rejects yet another claim for compensation against, among others, private equity fund Altor and the former management of OW Bunker, reports business daily Børsen.

Altor to take Wrist to next level prior to exit

Private equity fund Altor wants to reap the last rewards from many years of acquisitions and investments in Wrist before the fund approaches its heralded sale of the company. Among other things, challenging integration of a major acquisition has affected sales plans, Altor partner says.

Altor allocates no funds for OW Bunker compensation suit

The risk of a negative outcome in the ongoing compensation case following the collapse of OW Bunker is very low, writes Altor Equity Partners in its 2016 annual report. The equity fund handled the IPO of the collapsed bunker company.

Ét konkursbo kan ende med hele regningen i OW-sag

Ét konkursbo risikerer at betale hele regningen, hvis kreditorerne i de fem boer efter OW Bunker taber sagen mod den tidligere ledelse og kapitalfonden Altor. Kurator forventer afklaring i oktober, inden sagen bliver indstævnet.

Former Altor exec behind the purchase of OW's tankers

Denis Viet-Jacobsen, former senior executive of Altor Equity, owner of OW Bunker prior to the IPO, is among the investors who will now continue operating OW Bunker's tanker ivessels in Alba Tankers following the bankruptcy.

OW Risk Manager: We should never have gone public

Already back in 2008 or one year after the equity fund Altor took over the company, OW Bunker was in a life-threatening crisis which could have been the end of the company, explains OW Bunker's former Risk Manager Kenneth Rosenmeyer in a new book.

OWs risikochef: Vi skulle aldrig have været på børsen

Allerede tilbage i 2008 eller et år efter at kapitalfonden Altor havde overtaget virksomheden var OW Bunker i en livstruende krise, der kunne have kostet den livet, fortæller OW Bunkers daværende risikochef Kenneth Rosenmeyer i ny bog.

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