Altor Fund V’s Acquisition of a Majority Stake in Aarke

Vinge advised the founders and other existing shareholders of Totême. Wigge & Partners has advised Altor Fund V.

Altor Fund V has signed an agreement to acquire a minority stake in Totême and enter into a partnership with the founders and other existing shareholders.

Altor will support the founders and the company on its continued international growth journey. The founders will remain as majority shareholders and continue in their current roles in the development of Totême.

Founded by Elin Kling and Karl Lindman in 2014 in New York City, Totême is a fast-growing fashion label in the modern luxury universe, widely known for their iconic uniforms. The company is headquartered in Stockholm with a strong Swedish heritage but with a true global presence. Sales are evenly split between Asia, North America and Europe, with a predominantly online presence via its own web shop and online retailers. The company has grown rapidly and reached sales of ca SEK 350m.

Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 75 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Aarke, Dustin, Helly Hansen, RevolutionRace and Rossignol.

The Vinge’s team consisted of Jonas Bergström (Picture), Karl Klackenberg and Hannah Kajlinger (M&A) as well as Viktoria Owetz Leyva (VDR Specialist).

The team from Wigge & Partners consisted of Anders Morén, Louise Sörelind and Julia Conzen.

Involved fees earner: Jonas Bergström – Vinge; Hannah Kajlinger – Vinge; Karl Klackenberg – Vinge; Viktoria Owetz Leyva – Vinge; Anders Morén – Wigge & Partners;

Law Firms: Vinge; Wigge & Partners;

Clients: Altor Fund V ;

Author: Federica Tiefenthaler