Buyout firm EQT is preparing to launch the sale of German energy services firm Getec after the summer break and has mandated an investment bank to oversee the process, people familiar with the matter said.
EQT, which bought a 60% stake in Getec in 2016, is working with Morgan Stanley on the sale, expected to be worth several billion euros.
Utilities and infrastructure investors are being targeted as potential buyers of Getec, which supplies heat and electricity to industrial and real estate clients such as shopping malls.
EQT is a global investment organization founded in 1994, dedicated to investing in, developing, and owning companies across multiple regions, sectors and business models.
EQT and Morgan Stanley declined to comment.
Source: Yahoo Finance
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Mark Cuban, the former majority owner of the...
Epiris lines up bid for Merlin’s Sea Life aquariums as auction process begins
Epiris lines up bid for Merlin’s Sea Life aquariums as auction process begins London-based private...
Bridgepoint to acquire majority stake in Finzzle Groupe to accelerate European expansion
Bridgepoint to acquire majority stake in Finzzle Groupe to accelerate European expansion...