EQT AB Sells Facility Management Provider Apleona to PAI Partners For $1.94 Billion
07 Dicembre 2020 - 8:23AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish private-equity fund EQT AB said Sunday that
it will sell facility management services provider Apleona Group
GmbH to PAI Partners SAS for 1.6 billion euros ($1.94 billion).
EQT VII fund acquired Apleona in 2016 through a carve-out from
German industrial-services conglomerate Bilfinger SE, and as a
result of the sale to PAI Partners, Bilfinger will receive proceeds
of between EUR450 million and EUR470 million.
The deal is expected to close early in the second quarter of
2021.
Deutsche Bank acted as financial advisor to EQT.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 07, 2020 02:08 ET (07:08 GMT)
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