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Altor-backed OW Bunker eyes Copenhagen IPO

11 Nov 2013

ship boat oil tankerPrivate equity-backed ship fuel supplier OW Bunker is reportedly planning to float on the Copenhagen Stock Exchange.

The company, which posted earnings of $76.4m on revenues of 14.6bn last year, could be valued at up to $895m, said Danish newspaper Borsen.

OW Bunker is backed by Swedish private equity firm Altor, which bought the company in 2007.

Earlier this year the firm hired Morgan Stanley to advise on a sale of OW Bunker, according to Reuters.

In July this year Altor and fellow private equity firm Bain Capital agreed a NOK6.5bn ($1.08bn) deal to acquire the fish unit of Norway’s Cermaq after outbidding Permira.

Since its inception in 2003 the firm has raised €3.8bn across three funds.

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