December 17, 2015 - Assignment

Altor divests PIAB to EQT

Altor Fund II GP Limited and the other shareholders have entered into an agreement to divest PIAB Group Holding AB to EQT Fund VII.

The PIAB group develops and manufactures vacuum pumps, vacuum accessories, vacuum conveyors and suction cups for a variety of automated material handling and factory automation processes. The PIAB group has companies in 14 countries in Europe, Asia and North and South America.

The transaction is subject to customary approval from competitions authorities.

Altor was represented by Mannheimer Swartling in the transaction. The firm’s team was led by Åke Kjellson, primarily assisted by Therese Jansson, Marcus Johansson and Jacob Hallberg.