Armada Mezzanine Fund III has provided mezzanine financing in support of the Altor Fund III (“Altor”) acquisition of CTEK Creator Group (“CTEK” or the “Company”) from FSN Capital.
CTEK is the world’s leading provider of advanced switch mode battery chargers and ancillary equipment. The Company is based in Vikmanshyttan, Sweden and has developed battery chargers that continuously become top rated when comparing to alternatives and in a user friendly way help people maintain and optimize all their vehicle power supplies. CTEK’s main markets include the Nordics, Germany, Benelux and Italy and the company had a turnover of SEK 334 million in 2010.
“We are very pleased to have the opportunity to take part in this transaction and we have great confidence in both management and the Altor team. The business has demonstrated an impressive track record of growth, particularly during the recent financial crisis, and we are very excited about the business’ future growth prospects in new as well as in existing markets.”, says Jan Wiklund, Partner of Armada Mezzanine in Stockholm.
For more information, please contact:
Jan Wiklund tel. +46 8 546 01762 or +46 70 551 4054
at Armada Mezzanine Capital Oy, Finland, Stockholm branch.