Sweden's Altor sells stake in food services firm Euro Cater

STOCKHOLM, April 24 Wed Apr 24, 2013 3:51am EDT

STOCKHOLM, April 24 (Reuters) - Swedish private equity firm Altor said on Wednesday it had agreed to sell its stake in Danish food services firm Euro Cater to a group of reinvesting employees that have partnered with investment firm Intermediate Capital Group PLC.

Altor said in a statement it expected to finalise the deal, which was subject to approval from competition authorities, in the second quarter.

J.P. Morgan acted as financial adviser and Bech-Bruun as legal advisor for the seller of Euro Cater, which has sales of about 7.2 billion Danish crowns ($1.26 billion).

Euro Cater is a food services company with operations in Denmark and Sweden and sales of 7.2 billion Danish crowns ($1.26 billion).

($1 = 5.7278 Danish crowns) ($1 = 5.7278 Danish crowns)

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