Private equity firms eye Quadriga's AHT

The Austrian refrigerator manufacturer attracted bids in excess of €500m from Nordic Capital, EQT, Bridgepoint and Ontario Teachers' Pension Plan, according to media reports. Second-round bids are due this week.

Quadriga bought the firm back from Equita in 2006, having actually sold its stake to Equita a year prior. Dresdner Kleinwort arranged the debt and mezzanine package for the transaction.

Quadriga and Nordic Capital declined to comment while Bridgepoint, EQT and Ontario Teachers' were not available for comment.

Founded in 1983, AHT develops lug-in coolers and freezers for the commercial sector. It was listed on the stock market in 1998, and taken private in 2003.

AHT started expanding its footprint when entering the cooler market in Germany in 2000. Two years later, AHT expanded into the Asian market with the founding of AHT Asia.

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• Topics
• DACH
• Consumer
• Exits
• Germany
• Ontario Teachers' Private Capital
• Bridgepoint
• EQT
• Nordic Capital
• Quadriga Capital