Triton and Altor to divest majority share in OptiGroup to FSN

Stockholm (Sweden), December 21st 2021 - Triton Fund II advised by Triton (“Triton”), Altor Fund II (“Altor”) and RoosGruppen have signed an agreement to divest the majority of their current holding in OptiGroup AB (“OptiGroup”) to a holdco controlled by FSN Capital VI (“FSN”). Triton, Altor and RoosGruppen will retain a minority holding in the company.

Headquartered in Mölndal, Sweden, OptiGroup has developed into a leading European business-to-business distributor of business essentials. OptiGroup provides solutions and products within facility, safety, foodservice, industrial packaging, paper and business supplies. OptiGroup’s companies support more than 90,000 customers in 16 countries across Europe.

”OptiGroup as it looks today is the product of many years of hard work to reposition the company to become a Nordic B2B distribution champion within business essentials. We believe it is now ready to take the next step, under FSN’s ownership, to continue and accelerate this journey towards becoming a pan-European champion supported by strong underlying market growth and a clear add-on agenda. We have enjoyed working together with the management team and now look forward to continue supporting the company as minority shareholders together with our existing partners Altor and RoosGruppen” says Sebastian Lapinski, Investment Advisory Professional at Triton.

“We are proud of what OptiGroup has become after 14 years of hard work with transformative acquisitions, divestments and operational efficiency. Today OptiGroup is a leading diversified distributor of business essentials and we believe the company will continue to grow within its core segments. We have greatly enjoyed working with a very dedicated and entrepreneurial management team as well as with Triton and RoosGruppen to support the Company on this transformative journey. We are happy to pass the baton to FSN who we believe are very well positioned to take the Company to the next level and are excited to retain a minority ownership” says Bengt Maunsbach, Partner at Altor.

OptiGroup’s current management team will continue to lead the Company on this next leg of the journey.

“We are very proud of the transformation achieved during the partnership with Altor, Triton and RoosGruppen. The industry has gone through very turbulent times and our ability to always think and act long-term has put us in the great position we are in today. The commitment from our owners have been essential and we are excited about the plans going forward with FSN and very happy that Altor, Triton and RoosGruppen will continue to be shareholders” says Søren Gaardboe, CEO of OptiGroup.

The parties have agreed not to disclose financial details of the transaction, which remains subject to customary regulatory approvals. Jefferies and Carnegie acted as financial advisers on the transaction.