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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.

Søren Johansen, Wrist chair and Altor partner. | Photo: Mik Eskestad/ERH

Although a sale of vessel supply company Wrist Ship Supply is approaching, its owner, private equity fund Altor, has not yet announced that the company is for sale.

Altor's ownership of Wrist has entered its 12th year – atypical for equity funds, which often own their investments for periods between three and seven years. This applies to Altor as well, although the firm has on average sold its companies after about eight years.

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