Case Study

Altor ACT I

New Commitment

The company

Region: Europe
Sector:
Type: Primary
Highlights:

Commitment                                £20.0m

Private Equity Manager (GP)

Case study

About the company

Founded in 2003, Altor Equity Partners (“Altor”) is a mid-market private equity firm based in Europe that seeks to scale and optimise companies with world-class potential through fundamental business improvements and earnings growth.

The consideration of sustainability is one of many factors that form part of Altor’s investment approach. Beyond mitigating sustainability risks as part of its investment process, Altor has implemented a framework of comprehensive sustainability performance monitoring of its portfolio companies.

It is a signatory to the Science Based Targets initiative (“SBTi”) and it is supporting its portfolio companies to develop science-based targets and implement decarbonisation pathways. Altor’s ambition is to make every Altor-backed company a sustainability leader in its respective industry.

PIP has backed Altor since 2003 and, in March 2024, made a commitment to Altor’s ACT I, which is a fund focused on investment opportunities that have a specific green transition or industrial decarbonisation theme. In Europe, there is a significant and growing push to decarbonise supply chains in order to meet the European Union’s target to reduce net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.

As a result, Altor believes that many businesses are seeking to secure compliant, more sustainable supply chains to achieve their own targets, and this push is leading to an increase in businesses that can help to deliver sustainable supply chains at significant scale within the next five to 10 years.

Altor’s ACT I aims to primarily invest in companies across a range of sectors where the green transition is central to their business models, and will include businesses that either have existing green transition value chains or businesses that are developing newer but proven industrial processes to directly deliver green end-solutions.

Altor has already identified a long list of attractive targets within a range of investment themes.

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