Altor acquires minority stake in Swedish trend home Toteme


Altor Fund V has signed an settlement to accumulate a minority stake in Totême and enter right into a partnership with the founders and different current shareholders. Altor will help the founders and the corporate on its continued worldwide progress journey. Founders Elin Kling and Karl Lindman will stay as majority shareholders and proceed of their present roles.

Based by Kling and Lindman in 2014 in New York Metropolis, Totême is a fast-growing trend label within the fashionable luxurious universe, extensively identified for iconic uniforms. The corporate is headquartered in Stockholm with a powerful Swedish heritage however with a real world presence. Gross sales are evenly break up between Asia, North America and Europe, with a predominantly on-line presence through its personal net store and on-line retailers. The corporate has grown quickly and reached gross sales of ca SEK 350m.

Kling and Lindman will proceed of their present roles as artistic director and model director with the corporate. “Ever because the begin, we’ve had a transparent sense of who we’re and the place we’re going,” say Totême’s founders. “It was essential for us to search out the precise companion for the subsequent chapter in our world progress journey, with out compromising our model values. We firmly imagine that Altor’s in depth expertise in relation to know-how, e-commerce and sustainability in key markets will strengthen our enterprise, and we’re wanting ahead to attaining the subsequent part of our journey at Totême with Altor.”

Altor has a monitor report of partnering with founder-led shopper manufacturers to efficiently help these corporations on their worldwide progress journeys. “We’re very impressed by what Totême, the administration group and the staff have achieved to this point. Totême has been constructed to a world trend model targeted on prime quality merchandise and sluggish trend consumerism”, says Stefan Linder, companion at Altor, “We’re excited to companion with the visionary founders, Elin Kling and Karl Lindman, and the CEO Johanna Andersson to help their imaginative and prescient of growing a world class luxurious trend home”.

Since inception, the household of Altor funds has raised some €8.3 billion in whole commitments. The funds have invested in extra of €5 billion in additional than 75 corporations. The investments have been made in medium sized predominantly Nordic corporations with the goal to create worth by way of progress initiatives and operational enhancements. Amongst present and previous investments are Aarke, Dustin, Helly Hansen, RevolutionRace and Rossignol.

Fibre2Fashion Information Desk (RKS)

Altor Fund V has signed an settlement to accumulate a minority stake in Totême and enter right into a partnership with the founders and different current shareholders. Altor will help the founders and the corporate on its continued worldwide progress journey. Founders Elin Kling and Karl Lindman will stay as majority shareholders and proceed of their present roles.

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