Altor Equity to invest in Kommunalkredit Austria from Interritus.

Altor Equity, a private equity firm focused on leveraged buyout and growth capital investments, agreed to invest in Kommunalkredit Austria, a specialised bank for infrastructure and energy financing, from Interritus, a specialist banks and financial services firms investor. Financial terms were not disclosed. "We are proud and excited to partner with management and current owners of Kommunalkredit. Kommunalkredit has a unique position as financing partner to some of the most prominent green transition ventures and we believe that we jointly can build the European champion within sustainable infrastructure financing. Altor will support Kommunalkredit with capital and resources to strengthen its capabilities, building on our experiences from investing in other leading financial institutions and green transition champions. Altor with our long-term perspective shares a common view with the company and current owners on how to scale the business and pursue quality-led growth opportunities," Paal Weberg, Altor Co-Managing Partner.