A private equity firm with growing marine presence is buying Nordic Trustee Holding.

Altor Fund is set to acquire the Nordic bond specialist from DNB, KLP, Storebrand, Skagen and Pareto.

Nordic Trustee has been facilitating access to capital and monitoring bondholders’ rights since 1993.

It has become widely known in the Norwegian market following the big number of bond restructurings of many offshore vessel owners in the past 18 months.