Buyout Firm EQT Nears $3bn Deal for Medical-Freight Provider Envirotainer

Jun 2, 2022 | News

Global buyout giant EQT is nearing a deal to acquire Envirotainer AB from rival Cinven in a deal that values the medical-freight provider at about $3bn including debt, according to people familiar with the matter, the latest bet on the growing demand for logistics services.

The deal is expected to be announced in the coming days, assuming talks don’t fall apart, the people said. London-based Cinven acquired the business in 2018 in a deal valued at more than €1bn, equivalent to about $1.1bn.

The swedish company, which is currently owned by Cinven, has played a major role in transporting Covid-19 vaccines. For instance, the company’s containers were handling Covid-19 vaccines sent as air freight to Hong Kong.

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Cinven is a leading international private equity firm focused on building world-class global companies. Its funds invest in six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials and TMT (Technology, Media and Telecommunications).

Cinven has offices in London, New York, Frankfurt, Paris, Milan, Madrid, Guernsey and Luxembourg. Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society.

EQT is a purpose-driven global investment organization with more than €70bn in assets under management, across 27 active funds.

EQT has portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately €29bn and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

Source: Wall Street Journal

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