Monthly Archives: October 2017

EQT Real Estate broadens its German portfolio

eqt

  • EQT Real Estate invests in two office buildings comprising about 70,000 square meters in Frankfurt, Germany’s foremost hub for financial services
  • The plan includes an extensive repositioning of the buildings in the rapidly changing Niederrad and Neu-Isenburg submarkets
  • The investment represents EQT Real Estate’s fifth investment to date

EQT Real Estate I (“EQT Real Estate” or “the Fund”) has acquired two multi-let office assets in Frankfurt, Germany. The assets form part of the pan-German portfolio Project Mars, acquired by Eurocastle from DWS in 2007, and represents the fund’s fifth investment to date and second in Germany.

Frankfurt is well-known as an attractive base for the European banking and financial services sectors, with a rapidly evolving office market with strong demand from tenants but only a small number of new developments. The two buildings are both modern and strategically located in terms of transport links and political initiatives. The largest one, Atricom, comprises 45,600 square meters and is located in Niederrad, while the second building, Le Büro, comprises 23,700 square meters and is located in Neu-Isenburg.

The buildings are set to receive a comprehensive refresh and optimization by further modernizing, upgrading and improving the buildings, both technically and visually, in order to offer future and existing tenants a quality working environment.

Frank Forster, Director at EQT Partners and advisor to the Fund, said:

“We are looking forward to EQT Real Estate taking part of the ongoing development in Frankfurt-Niederrad. The area is rapidly changing and the plans for Atricom should make a positive contribution to this part of town.”

Contacts:
Frank Forster, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5404
EQT Press Office, +46 8 506 553 34

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Real Estate I
EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property investment, development and intensive “hands-on” asset management, and with access to the full EQT network, including 10 European offices and more than 250 industrial advisors.

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CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group

CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group

CapMan Buyout press release 6 October 2017 at 11.00 a.m. EEST

CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group

A group of investors led by CapMan Buyout, including funds managed by CapMan Buyout, are pleased to announce to have reached an agreement to divest Oral Hammaslääkärit Plc (“Oral”) to Colosseum Dental Group (“Colosseum”), a Swiss-based dentistry group. Financial terms of the transaction have not been disclosed.

Oral is the leading Finnish private dentistry chain with 63 clinics and sales close to EUR 100 million. During CapMan’s ownership, Oral’s revenue has increased by 15 per cent annually while EBITDA has increased by a compound annual growth rate of 19 per cent. Funds managed by CapMan acquired Oral in 2014.

Together with Oral, Colosseum is expected to have sales of around EUR 350 million and will operate more than 200 clinics in Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark, further pursuing its journey to build a leading pan-European dentistry group.

“We are very pleased with the development of Oral and the return of our investment. During our ownership, Oral has significantly expanded and completed several developments projects, especially within the digitalisation of its operations. Today, Oral is one of the most developed private dental care companies in Europe. Oral will in my mind fit very well into Colosseum Dental Group, who will continue to support the company in its future development and further build on the strengths of the business and its ongoing initiatives. It has been an honour to be part of Oral’s development, and I would like to offer my sincere thanks to the company’s management, the dental care professionals and all its employees,” says Jan Mattlin, Partner at CapMan Buyout and responsible for the investment in Oral.

“We are delighted to become part of the Colosseum Dental Group. The company has a long-term mandate to build a strong European dentistry platform. This allows us here in Finland to continue building a great local business with high quality offering for both patients and dentists. We will continue to improve oral health in Finland as we have done for the past 35 years. Oral’s strong brand will prevail in Finland and our employees and dentists will have even more opportunities to develop their know-how in the future through the opening-up of opportunities for international exchange. We see the acquisition as a very positive opportunity for our service development in the years to come”, says Martin Forss, CEO of Oral.

“With Oral we both reach a group of highly competent new colleagues, as well as gain access to forefront know-how around how to run many of our processes in a more advanced manner that we can leverage across other geographies. Our vision of modern, high quality dentistry for the benefit of patients, dentists and employees fits well with what management wants to accomplish. We are certain that the increased scale of the new company will be for the benefit of all stakeholders,” says Tomas Aubell, CEO of Colosseum.

Colosseum will continue to support management with its development of the company and Martin Forss and his team have agreed to continue to run Oral also after the transaction. The transaction is expected to close in November 2017.

For more information, please contact:
Jan Mattlin, Partner, CapMan Buyout
jan.mattlin@capman.com
+358 40 508 6406

Tomas Aubell, Chief Executive Officer, Colosseum Dental Group
tomas.aubell@colosseumdental.com
+41 79 519 55 02

Martin Forss, Chief Executive Officer, Oral Hammaslääkärit Plc
martin.forss@oral.fi
+358 40 779 6266

About CapMan
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over more than 25 years. CapMan has today 110 private equity professionals and manages €2.3 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.
www.capman.com
twitter.com/CapManPE

About Colosseum Dental Group
Colosseum Dental Group, a company fully owned by Jacobs Holding AG, has the ambition to become the leading European provider for dentistry services. With the acquisition of Oral, Colosseum now operates more than 200 clinics with 900 dentists across Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark with run-rate sales of approximately EUR 350 million. The group wants to provide modern, quality dentistry services for the benefit of patients, dentists, employees and shareholders alike, striving for continuous growth and excellence.
www.colosseumdental.com

About Oral Hammaslääkärit Plc
The Finnish Oral Hammaslääkärit Plc is a service company offering oral health care, with more than 1,300 professionals providing services throughout Finland. In 2016, the company’s revenue amounted to EUR 81.4 million. Oral provides dental health services at over 60 dental clinics in various locations in Finland. The dental laboratory Oral Hammaslaboratorio Oy is part of the Group.
www.oral.fi

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Major shareholder enters into a margin loan. Nordic Capital remains committed to Intrum Justitia AB (publ)

Nordic Capital

Cidron 1748 S.à r.l. (the “Shareholder”), the company through which Nordic Capital Fund VIII (“Nordic Capital”) holds shares in Intrum Justitia AB (publ) (the “Company” or “Intrum”), and the largest shareholder in the Company, has today entered into a three-year EUR 518 million margin loan (the “Margin Loan”) secured against shares held in Intrum by the Shareholder. The Shareholder will not sell any shares in Intrum in connection with entering into the Margin Loan.

“Nordic Capital sees significant value creation potential for Intrum and wants to remain invested. This way the Fund can return some money to its investors while keeping shares in the Company. Nordic Capital firmly believes in the benefits of the combination of Lindorff and Intrum, and the creation of an industry leading CMS player.” says Kristoffer Melinder, Managing Partner of NC Advisory AB, advisor to the Nordic Capital Funds.

The loan arrangement will adhere to all conditions from the merger agreement between Lindorff and Intrum Justitia AB and the Margin Loan has been provided by reputable third party financial institutions on conditions that are customary for this kind of instrument.

Press contact

Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
e-mail: katarina.janerud@nordiccapital.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by six advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

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Gimv-backed Luciad acquired by Hexagon

GIMV

Luciad, a leading provider of high performance geospatial situational awareness technology that powers the world’s mission critical operations, today announces that it has been acquired by Hexagon AB, a global provider of information technologies that drives productivity and quality across geospatial and industrial enterprise applications.

Luciad (www.luciad.com) was founded in 1999 as a spin-off from the University KU Leuven. Luciad’s applications simplify the lives of developers and end users with advanced visual analytics that allow them to unlock the potential of real time location intelligence and create the foundation for next generation geospatial systems. From safeguarding critical assets to creating the digital infrastructure for smart cities, Luciad helps users implement intuitive command and control systems. Its customers depend on the company for high performance visualization that allows them to implement scalable solutions. Today, the company serves clients worldwide through a network of subsidiaries and resellers in Europe, Asia and the Americas. In addition, major systems integrators incorporate Luciad’s software in their own products. Airbus Defence & Space, Boeing, Dassault, Lufthansa Systems, NATO and Unifly belong to the company’s customers.

Gimv, together with co-investor Gimv Arkiv Tech Fund II and the other shareholders today sold their stake in Luciad to the Swedish-headquartered Hexagon (Nasdaq Stockholm: HEXA B), which generates revenues of EUR 3.2 billion with 18.000 employees. Luciad will become a fully owned subsidiary of Hexagon and will operate under its Geospatial division. The company’s products perfectly combine with the offering from Hexagon. Therefore, we see Hexagon as the right partner to unlock the full potential of Luciad’s technology.

Since Gimv’s initial investment in spring 2013, the company’s references and proof concepts for big data applications have contributed to the strategic value of the technology. Over the past years, the company’s products evolved significantly, being from desktop only to web based, into 3D. Moreover, server capacity was added to its offering.

“Gimv has given us the platform we needed to evolve from startup to scale-up. During the 4 years that we were part of Gimv’s portfolio, the organization has grown significantly without experiencing the growth pains that characterize this coming into adulthood for companies,” said Marc Melviez, CEO of Luciad.

Tom Van de Voorde, Head of Gimv‘s Smart Industries platform and board member of Luciad comments: “We are delighted to have found a harbor for Luciad that will be stimulating and synergetic beyond the current standalone potential. Hexagon’s clients will benefit from Luciad’s world class geospatial software allowing them to use geospatial data in making excellent business decisions. During our investment period within Luciad, we have seen Luciad evolve from a timid software player to the leading player in its field thanks to excellent new product releases and hard work of the Luciad employees to establish Luciad as a brand of excellence in some of its verticals. Hexagon understood and experienced Luciad’s power resulting in this transaction.”

Luciad was the first investment of the Smart Industries team after the lauch of Gimv’s platform strategy back in late 2012. Over the entire holding period, the investment in Luciad generated a return well above Gimv’s long-term average return, with a positive impact on the equity value at 30 June 2017 of about EUR 0.75 per Gimv-share. No further details about this transaction will be disclosed.

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EV Private Equity invests in Ashmin and Workover Solutions

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Ashmin, founded in 2003 by Doc Gunther, a respected engineer of downhole drilling tools, announced the completion of an investment of $15,000,000 from EV Private Equity into Ashmin and its sister company Workover Solutions. The funds will be primarily used to accelerate broad commercialization of Ashmin’s proprietary downhole tools including drilling motors and friction reduction tools; and to continue the rapid growth of Workover Solution in providing thru-tubing services for well completion and intervention.

“Ashmin has a solid track-record of developing premium, reliable drilling and well intervention/completion tools,” said Neil Fletcher, who was recently appointed as Ashmin’s CEO. “The investment by EV Private Equity allows us to strengthen the management team and build a rental fleet of our proprietary drilling motors and friction reduction tools to satisfy current customer demand for high performance downhole tools.”

“We believe that backed by its engineering strength, Ashmin is well positioned in a growing market, and we are proud to partner with the current owners and management,” said Espen Strøm, Investment Director with EV Private Equity.

Workover Solutions has grown rapidly in the Northeast since inception in 2015, and the capital from EV Private Equity will allow the company to increase its footprint in NAM.

“We are very excited to receive funding from EV Private Equity, and we are looking forward to the next phase of Ashmin,” said Doc Gunther, Founder of Ashmin.

About Ashmin and Workover Solutions

Ashmin is a recognized leader in product engineering and has delivered unique solutions to the industry for close to 15 years. Ashmin has a strong product portfolio and several novel technologies under development. Workover Solutions has established strong relationships with numerous clients in the Northeast delivering prompt and reliable workover and completion services. Ashmin is headquartered in Conroe, Texas.

For more information visit ashmin.com or workoversolutions.com.

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EURAZEO succesfully completes the sale of part of its ELIS shares

Eurazeo

Eurazeo, which has accompanied Elis since its initial investment in October 2007, today announces the
sale of a total of 10 million Elis shares by Eurazeo, directly and through its subsidiary Legendre Holding 27
SAS(“LH27”), and together with ECIP Elis Sarl. The disposal, representing 4.56% of
Elis’ share capital and 4.36% of Elis’ voting rights, was achieved at a price of €22.01 per share, for a total consideration of € 220 million, by way of an accelerated book building to institutional investors (the “
Placement”). The sale comprised 8,696, 854 Elis shares (i.e. 3.96% of Elis’ share capital) sold by
LH 27, 1,112,974 Elis shares (i.e. 0.51% of Elis’ share capital) sold by Eurazeo directly and 190,
172 Elis shares (i.e.0.09 of Elis’ share capital) sold by ECIP Elis Sarl.

Following completion of the Placement, LH27 hold s 6.30 % of Elis’ share capital nd 10.24 % of Elis’ voting rights.In economic terms, Eurazeo holds via LH27 an interest equivalent to 5.7% of Elis’ share capital, compared with 9.1 % prior to the Placement. Out of the three members of the Supervisory Board appointed on the proposal of Eurazeo and LH27, one will be stepping down in the coming months.

Marc Frappier, Managing Director of Eurazeo Capital, declared:

“Under the leadership of Xavier Martiré, Elis has been able to develop at an amazing pace with strong expansion outside of France. The Group has successfully accelerated its M&A strategy with recent acquisitions of Lavebras in Brazil,Indusal in Spain and the ongoing merger with Berendsen.

We strongly support the management team in this strategy which we believe will deliver material benefits for the Group and its shareholders in the future.”

 

This transaction generated net proceeds for Eurazeo of around €162 million.
Eurazeo realized a multiple of about 2.3 x its investment.
In accordance with market practices, a 90-day lock-up has been granted by LH 27 in respect of its remaining shareholding in Elis, subject to customary exceptions and waivers. BNP Paribas acted as Bookrunner in connection with the Placement. Rothschild acted as financial advisor to Eurazeo.
***

About Eurazeo

With a diversified portfolio of approximately €6 billion in assets under management, of which €1 billion is from
third parties, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is
to identify, accelerate and enhance the transformation potential of the companies in which it invests. The
Company covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is notably a shareholder in AccorHotels, Asmodee, CIFA, CPK, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Péters Surgical and lash Europe International, as well as start -ups such as Farfetch and Vestiaire Collective.
Eurazeo is listed on Euronext Paris.
ISIN: FR0000121121
–
Bloomberg: RF FP
–
Reuters: EURA.PA

 

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Admincontrol sold to Visma

Hercules
Herkules Private Equity Fund IV is pleased to announce the fund’s first exit through the sale of Admincontrol to Visma. The Admincontrol investment yielded an IRR of 61% and a money multiple of 3.2x.
Admincontrol, the leading provider of cloud based board portal and virtual data room solutions in the Nordic countries is sold to the Norwegian Software company Visma.During Herkules’ ownership, Admincontrol has transformed from being a Norwegian contender to the leading Nordic supplier of cloud based board portal and virtual data room solutions. The company currently has over 2 000 customers and close to 40 0000 active users in Norway, Sweden, Denmark, Finland, the Netherlands and the UK.In April 2015, Herkules acquired a majority stake in Admincontrol.As part of the value creation plan to accelerate growth outside Norway, Admincontrol acquired its Swedish and Danish agents. Following the acquisitions, Admincontrol increased investments in local sales and customer support resources. This has boosted the number of new customers and revenue per customer. The recently introduced pricing model has grown revenue retention to 101%, all while growing revenue per customer by 11%. To ensure the company’s growth prospects, Admincontrol has doubled its R&D organization and continuously introduced new features and functionality to its solution offering. In addition, a plan for a broader international launch has been prepared.Revenues have almost doubled and EBITA almost tripled during Herkules’ ownership period. Revenues have grown from NOK 50 million in 2014 to NOK 97 million LTM as of Q2 2017. During the same period, EBITA has grown from NOK 8 million to NOK 22 million.Signing took place on 25 September 2017 with closing on 3 October 2017.The Admincontrol investment yielded an IRR of 61% and a money multiple of 3.2x to the Herkules Fund IV investors.

 

Contact information:Christian Petersen, CEO at Admincontrol, Telephone: +47 98 25 50 52Eilert Giertsen Hanoa, Director Visma SMB Software Unit at Visma, Telephone: +47 92 83 29 05Gaute Gillebo, Partner at Herkules Capital, Telephone: +47 45 83 00 00

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ALLIANCE ETIQUETTES ANNOUNCES ITS 4TH ACQUISITION WITH APPLIC’ETAINS Paris

Activa Capital

Paris and Bordeaux, 4 October 2017 – Alliance Etiquettes is actively pursuing its consolidation strategy in the wine, spirits and agri-food high-end labeling sector by announcing the acquisition of Applic’Etains, its 4th build-up since Activa Capital’s investment in July 2015.
Applic’Etains is a French company based in Nontron (Dordogne) and is specialized in the design and production of high-end pewter labels for the wine & spirits industry. The firm, which continues to grow strongly, is managed by its founder, Thierry Vandenbosch.

It is the 4th company to join the Alliance Etiquettes Group since its creation in July 2015; Alliance Etiquettes has tripled in size since Activa Capital invested. For Olivier Laulan, President of Alliance Etiquettes: “Applic’Etains is a firm with a unique positioning in the printed pewter labels’ market. This 4th acquisition reinforces our know-how and our production capacity, enabling us to bring ever more value and satisfaction to our customers. We are delighted and proud to welcome the Applic’Etains team to the Alliance Etiquettes Group”.

For Alexandre Masson, Partner at Activa Capital: “We were particularly impressed by the company’s unique expertise and privileged relationships with its prestigious clients. This operation demonstrates, once again, Alliance Etiquettes’ ability to unite the best label printing professionals around its project. For this acquisition, all the shareholders of Alliance Etiquettes as well as the manager of Applic’Etains have reinvested alongside Activa Capital. We will continue to actively pursue our strategy in France and internationally”.

Participants
Buy side
Alliance Etiquettes: Olivier Laulan
Activa Capital: Christophe Parier, Alexandre Masson, David Quatrepoint
Financial due diligence: 8 Advisory (Bertrand Perrette, Damien Petillon)
Legal due diligence: Brunswick (Sébastien Peronne, Aude Idris)
Strategic due diligence: Indefi (Julien Berger, Adam Laissaoui)
Corporate law firm: Mayer Brown (Olivier Aubouin, Marine Ollive)

Sell side
Applic’Etains: Thierry Vandenbosch
Legal advice: Lexcap (Ronan Minier)
Financing
Bank: Société Générale (Caroline Marquaille, Viktor Mamotyuk)
Bank legal advice: Herbert Smith & Freehills (Laure Bonin)
About Alliance Etiquettes
Alliance Etiquettes is a French company specialized in the design and production of premium labels for the wine and food industries. Managed by Olivier Laulan, the group generates a turnover of approximately 30 million euros in France and abroad. Learn more about Alliance Etiquettes at allianceetiquettes.com

About Activa Capital
Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth and their international footprint. Learn more about Activa Capital at activacapital.com

Activa Capital Press Contacts Steele & Holt Press Contacts
Alexandre Masson Daphné Claude
Partner
+33 1 43 12 50 12 +33 6 66 58 81 92 alexandre.masson@activacapital.com daphne@steeleandholt.com
Christelle Piatto Claire Guermond
Responsable Communication
+33 1 43 12 50 12 +33 6 31 92 22 82
christelle.piatto@activacapital.com claire@steeleandholt.com

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Funds advised by Apax Partners complete acquisition of 3M’s Electronic Monitoring Business

3 October 2017

New York and London, 3 October 2017 – Further to the announcement on 1 June 2017, funds advised by Apax Partners (“Apax Funds”) have today announced that the acquisition of 3M’s electronic monitoring business (the “Company”) has been completed.

The Company will be rebranded as Attenti and has appointed Boaz Raviv as its new CEO. Mr. Raviv, the former CEO of Radvision, is an experienced executive of global businesses in the technology industry.

The Company will continue to be a provider of reliable, innovative and scalable electronic people-monitoring technologies, serving hundreds of correctional and law enforcement agencies in 34 countries. Attenti offers a differentiated full range of Global Positioning Systems (“GPS”), Radio Frequency (“RF”), alcohol verification monitoring and tracking solutions, supported by an integrated software monitoring platform.

About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 30-year history, Apax Partners has raised and advised funds with aggregate commitments in excess of $48 billion*. The Apax Funds invest in companies across four global sectors of Tech and Telco, Services, Healthcare, and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies.

The Apax Funds have been a leading private equity investor in the Tech & Teleco and Services sectors, having invested over $11.8 billion** in equity since 2008. Apax’s deep sector expertise and global resources have helped accelerate organic and inorganic growth within its portfolio and have enabled geographic expansion. Current and past investments include GardaWorld, Epicor, Activant, TriZetto, Aptos, Exact and Sophos. For further information about Apax Partners, please visit www.apax.com.

*Funds raised since 1981, commitments converted from fund currency to USD at FX rates as at 30 June 2017.

** Tech & Telco and Services investments, inclusive of investments signed but not yet closed.

Media Contacts

Global media inquiries

Andrew Kenny, Head of Communications
Tel: +44 20 7872 6371
Email: andrew.kenny@apax.com

NorAm and LatAm media inquiries

Kekst
Todd Fogarty
Tel: +1 212 521 4854
Email: todd.fogarty@kekst.com

EMEA media inquiries

Greenbrook Communications
Georgiana Brunner, Matthew Goodman, Annabel Clay
Tel: +44 20 7952 2000
Email: apax@greenbrookpr.com

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EQT VI brings in minority partners to accelerate growth of Anticimex

eqt

  • EQT VI brings in blue chip investors such as AMF, AP6, Volito and Cubera in a 19% minority stake sale in Anticimex to accelerate growth
  • EQT VI remains majority owner and continues to support Anticimex in becoming the global leader in preventive pest control

EQT VI today announces the decision to bring in a small group of partners through a 19% minority stake sale in Anticimex (“the Company”), valuing the Company at an enterprise value of approximately EUR 2.3 billion. The minority partners will hold the same mix of instruments as EQT VI.

Since the acquisition in 2012, EQT VI has transformed Anticimex from being a Nordic services conglomerate into becoming a leading global pure play pest control business, completing over 100 acquisitions worldwide and introducing the disruptive digital solution Anticimex SMART. During the EQT VI ownership period, Anticimex has tripled revenues and more than quadrupled its operating earnings.

Headquartered in Sweden, Anticimex operates 142 branches in 17 countries across Europe, Asia-Pacific and the US. With the Company’s over 80 years of consecutive revenue increase and recent growth acceleration, EQT VI remains a committed owner with an industrial and long-term approach.

“EQT VI is pleased to welcome the new investors and we see them as strategic business partners. Anticimex will now continue its journey towards becoming the global leader in preventive pest control with further international expansion and investments in the next generation of digital pest control technologies. I see this as yet another great example of EQT’s “future-proving” strategies in action”, says Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI.

Jarl Dahlfors, CEO of Anticimex complements: “Anticimex has grown tremendously together with EQT VI and we see attractive opportunities to continue expanding our business. Both through organic and acquisitive growth, as well as continued margin improvements. The ambition is to have revenues of EUR 1 billion with 20% margin within a few years. This is well in line with the historical track record of more than 20% top-line growth annually and a margin uptick of roughly one percentage point per annum. We welcome our new partners and look forward to their support in realizing that goal.”

The transaction is expected to be completed during the fourth quarter of 2017.

Contacts
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, +46 8 506 55 448
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Anticimex
Anticimex is a leading global specialist in preventive pest control with operations in 17 counties across Europe, Asia-Pacific and the US with headquarters in Stockholm, Sweden. With its approximately 4,500 employees, Anticimex serves more than 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance.

More info: www.anticimex.com

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