EQT sells 19% stake in Anticimex

The stake is to be acquired based on an enterprise value of €2.3bn, the GP said in a statement.

EQT wholly acquired the company in April 2012 in a tertiary buyout from Ratos. The deal was valued at SEK 2.9bn, with equity invested from EQT VI, which closed on €4.75bn in October 2011.

During its five-year ownership, EQT has grown Anticimex's product and service offering within Sweden, and expanded the company internationally.

The transaction is expected to be completed during Q4 2017.

Previous funding
Anticimex was first taken private in December 1991 by Nordic Capital, WASA Sweden and Länsförsäkringar Sweden. The deal, which was valued at SEK 262m, was supported by a senior debt package from Svenska Handelsbanken. In 1994, the company was divested to then NYSE-listed ServiceMaster in a trade sale.

Nordic Capital bought back Anticimex in 2001. According to ServiceMaster, the sale price was around $93m in cash with a $7m vendor note.

In 2005, Ratos acquired Anticimex in a secondary buyout valued at SEK 1.65bn. It invested around SEK 600-750m of equity, securing a SEK 1bn debt package.

Company
Anticimex, founded in 1934 and headquartered in Stockholm, provides indoor health and safety services, including pest and hygiene assurance, dehumidification, guarantees and insurance.

The company employs around 1,300 staff in the Nordic countries and Germany. It operates 142 branches in 17 countries across Europe, Asia-Pacific and the US. In 2016, it recorded revenues of SEK 4.45bn and an operational EBITA of SEK 664m.

People
EQT – Per Franzén (partner).
Anticimex – Jarl Dahlfors (CEO, president).

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

• Topics
• Exits
• Nordics
• Industrials
• Sweden
• EQT