Clearwater International advises Aarke on its sale to Altor
Clearwater International has advised the founders behind the fast-growing consumer brand Aarke to bring onboard Altor as a new growth partner. Altor was hand-picked by the founders based on their impressive track-record to support entrepreneurs in general, and consumer brands in particular, to sustain a high growth pace.
Over the last few years Aarke has revolutionised the market for home drinks carbonation with its refined and timeless design. The Company has quickly established a market leading global position in the premium segment. Its products have gained global popularity and together with Altor, the founders aim to refine the entire market for small domestic appliances. In 2020, the Company grew more than 100% to reach a turnover of €19.7m (SEK 200m).
The founding duo remain significant owners post the transaction and will be operationally involved in the capacity of CEO and CPO, respectively.