PE firms in 2nd round for Triton's Bravida

EQT, Apax Partners, Bain Capital, and PAI Partners have all proceeded to a second round of bids for the company, according to a source speaking to newswire Reuters. It is believed the deal could be worth around $1bn and that local banks are ready to supply deal finance at an approximate 50% leverage ratio.

Triton acquired the company from Telenor, Procuritas Capital Partners, Sampo Liv, Investment AB Latour and Säki AB in a 2007 secondary buyout. Financial details were not disclosed at the time.

Bravida, founded in 2000, provides installation services in the Nordic region. Headquartered in Stockholm, it employs 8,000 staff and recorded an operating profit of SEK 663m from SEK 10.7bn net sales in 2011.

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• Topics
• Nordics
• Sweden
• EQT
• Bain Capital Europe
• PAI Partners
• Apax Partners
• Secondary buyout