F24 to accelerate growth with new strategic investment from Altor
• 2 minute read
Munich, Germany, and Stockholm, Sweden. 1 July 2024. F24 AG ("F24" or “the Company”), a leading European software-as-a-service (SaaS) provider for Business Resilience solutions, today announced that it has secured a strategic investment from Altor, a leading private equity firm focused on investing in and developing medium-sized companies.
Altor will acquire F24 from Hg, a leading investor in European and transatlantic software and services businesses. F24’s management team will reinvest in the Company. This partnership positions F24 for accelerated growth and continued regional expansion.
Founded in 2000, F24 supports companies and organisations in more than 100 countries around the globe. Its Business Resilience software solutions empower businesses to save lives and values. F24 is a sector leader in Europe, has expanded across geographies and now supports over 5,200 customers across the globe.
Dr. Jörg Rahmer and Christian Götz, executive board at F24, said:
“We are excited to embark on this new chapter of F24 with Altor. With their extensive experience and network, we will be able to accelerate our growth and continue to provide our customers with innovative solutions across the entire Business Resilience value chain. We also want to thank Hg for their support and trust over the past years. They have been instrumental in our success story.”
“We are excited to join forces with co-founder Christian Götz, Dr. Jörg Rahmer and the management team at F24. F24 is a pioneer in building organisational resilience in the face of an increasingly volatile world. Their commitment to delivering high-quality solutions has earned them a stellar reputation across Europe and a loyal customer base. Together with Hg we look forward to accelerating F24’s growth and expansion into new markets”
said Hajo Krösche, Partner at Altor.
F24 partnered with Hg back in 2020. Since then, the business has established itself as a trusted leader in the sector, with a strong reputation, and develiered a combination of organic growth and strategic acquisitions. These acquisitions together with investments in innovation allowed F24 to expand the customer offering across the entire Business Resilience value chain.
Benedikt Joeris, Partner at Hg, said:
"We are proud to have been part of F24’s successful journey over the past years. F24 has yet again proven its long-term track record of compounding growth. We thank Jörg, Chris and the entire F24 team for their hard work and commitment – it has been a trusted collaboration.”
Closing is subject to customary regulatory clearances.
Contacts
F24:
Presse@f24.com
Hg:
Tom Eckersley
tom.eckersley@hgcapital.com
Altor:
info@altor.com
About F24
F24 is Europe’s leading Software-as-a-Service (SaaS) provider for Business Resilience. More than 5,200 customers worldwide rely on F24’s digital solutions, which support companies and organisations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance. F24 supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism and aviation to a wide variety of public organisations. Many years of international experience have made F24 experts in improving resilience with digital solutions. https://f24.com
About Altor
Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Trioworld, OX2, Carnegie, Kaefer, FLSmidth, Rossignol and Toteme. For more information visit www.altor.com
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with around 110,000 employees, consistently growing revenues at more than 20% annually. https://hgcapital.com/