Orlando sells Euromaint to trade for €80m

The sale ends a holding period of three years for Orlando, which acquired the company in a SEK 650m deal.

Euromaint employs 1,000 people and generated sales of €150m in 2018.

Previous funding
Private equity firm Ratos acquired 100% of Euromaint in August 2007 through an MBO valued at €130m, of which a €47.8m equity stake was provided by the GP.

Orlando drew capital from its Special Situations Venture Partners III fund to acquire the company from Ratos in 2016. Ratos said in a statement it expected to generate no results from the exit, which resulted in a negative IRR for the GP, having recently taken a SEK 1.7bn impairment to its portfolio book stemming from five companies, including Euromaint.

Company
Headquartered in Solna, Euromaint is a Swedish provider of maintenance services for rolling stock for the rail transport industry.

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• Topics
• Exits
• Nordics
• Support services
• Sweden
• Orlando Management GmbH
• Trade sale