EQT mulling Sanitec IPO

The listing of Sanitec could take place during H1 2014, according to Reuters. UBS and Nordea are rumoured to be advising on the IPO.

EQT confirmed that Sanitec would be prepared for a potential listing on the Stockholm Stock Exchange, although the firm declined to comment on firm plans for the IPO.

Sanitec's EBITDA has stood at around €100m in the last two years. Similar listed companies trade on the Stockholm Stock Exchange at circa 8.5-9x EBITDA, which could value Sanitec at €850-900m.

EQT acquired Sanitec from BC Partners in February 2011. The Swedish private equity firm reportedly considered selling the company for €1bn in 2011 and hired UBS as advisers.

Based in Helsinki, Sanitec has 18 production plants mainly in northern and western Europe, as well as in eastern Europe. In 2012 the company's net sales amounted to €752.8m, with an EBITDA of €107.6m and 6,700 employees.

According to local reports, EQT made an offer to wholly acquire Deutsche Telekom's internet portal Scout24 in September.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Exits
• Consumer
• Finland
• Sweden
• EQT