Altor has acquired F24 AG, a leading European SaaS provider

Hg, the Manager of HgCapital Trust plc, has agreed the sale of F24 AG, a leading European software-as-a-service (SaaS) provider for Business Resilience solutions, to Altor.

Altor is a leading private equity firm focused on investing in and developing medium-sized companies.

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.”