OceansApart was acquired by Altor in a equity majority transaction.

OceansApart, a Berlin, Germany-based D2C producer of sports apparel, announced that it was acquired by the Swedish private equity firm Altor Funds.

The financial details were not disclosed.

The founders Susanna Wagner and Paul Engelmann will continue in their roles and remain significant shareholders alongside the current shareholders and Altor.

oceansapart, founded in 2018 and operated via Rise Up Fashion GmbH, produces non-competitive activewear apparel company serving a growing community focused on inclusivity and diversity rather than just sports performance. The activewear designs include leggings, bras, hoodies and activewear accessories targeting mainly female Gen Y and Gen Z customers.

The company's core market comprises the DACH region with recent entries into France, Italy, Poland and Spain. Its success is centered around clear product design, digital and influencer led marketing driven by a powerful analytics platform.