Intera in €35m carve-out of ISS security division

According to a statement by ISS, the transaction's enterprise value was DKK 261m (€35m) and sees Intera acquire the ISS subsidiary as part of a strategy by its former parent company to focus its service offering. Following the buyout, the new company will continue to provide security services to ISS Finland customers as a strategic partner.

The GP told unquote" it had tapped its Intera Fund III for the equity in the transaction.

Intera said it plans to develop ISS Security into a provider of both digital and physical security services.

The deal is expected to close by the end of 2016 and is the latest sale of a subsidiary by Copenhagen-listed ISS, which was owned by EQT and Goldman Sachs before its IPO in 2014. During EQT's tenure, ISS sold French landscaping division ISS Espaces Verts to Chequers Capital in January 2014 and ISS Damage Control to Agilitas Partners in June 2013.

Company
Headquartered in Helsinki, ISS Security is a provider of security services.

According to figures from ISS, the division had annual revenue of €68m in 2015 and employs a staff of 1,100.

People
Intera Partners – Heikki Kivirinta (partner).
ISS Security – Juha Savolainen (CEO).

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

• Topics
• Buyouts
• Support services
• Nordics
• Finland
• Intera Equity Partners Oy