Altor Reaches €600 Million Deal for Bridgepoint’s Evac

Altor Equity Partners has agreed to acquire a majority stake in Evac, the Finnish clean technology firm backed by Bridgepoint Group Plc.

Evac’s management will reinvest alongside Altor, according to a statement on Monday that confirmed an earlier Bloomberg News report. While financial terms were not disclosed, people familiar with the matter have said the transaction values Evac at more than €600 million ($699 million).