ISS exit on the cards

EQT and GS Capital Partners-backed ISS, the Danish hygiene services company, could soon be ready for a trade sale or listing. The company's CEO, Jorgen Lindegaard, told the Danish press that it is anticipated that the two buyout houses will proceed with their exit plans.

EQT and GS Capital cancelled the scheduled listing of ISS in November 2007, due to shaky stock market conditions which risked valuing the business lower than the investors believed it was worth. The value of the listing was estimated to be between DKK 45-50bn. The business was acquired in March 2005, when the two investors de-listed the company from the Copenhagen Stock Exchange for approximately EUR3bn (DKK 30bn) (March 2005, page 16).

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