Deals
Altor Snaps Up Hg’s Software Firm F24 in Sign of Buyout Revival
- New owner plans to grow F24 organically and via acquisitions
- Dealmaking driven by buyout firms is heating up recently
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Private equity firm Altor has agreed to acquire a majority stake in crisis management and business resilience software provider F24, providing yet another glimmer of hope that Europe’s buyout market is on the road for recovery.
It’s taking over F24 from fellow investment firm Hg, which will retain a minority holding, according to a statement on Monday. F24’s management will reinvest in the company.