IK Investment Partners has entered into an agreement to acquire a majority stake in German infrastructure cleaning and maintenance company Alba Baving Group from its founding family.
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Buyer is wholly acquiring the company for a debt-free purchase price of around €13.6m
Round follows the company's €24m series-D in November 2019, also backed by Wellington and HBM
Agilitas recorded revenues of £12m in the year to March 2019, up from £9m in the same preceding period