EQT, Goldman Sachs sell DKK 4bn of ISS shares

FS Invest, a fund controlled by EQT and Goldman Sachs, sold 25 million shares, equivalent to a 13.4% stake in the business – up from the original sale offering of around 10% of ISS. The vehicle now holds around 19.3% of the company.

ISS's share price closed on DKK 169.20 on Tuesday, which would value the transaction around DKK 4.2bn.

Previous funding
The Danish facility services provider was valued at DKK 29.6bn in its IPO on the Copenhagen stock exchange in March 2014 by EQT and Goldman Sachs.

A share block worth around DKK 5bn was sold by EQT and Ontario Teachers' Pension Plan in September.

EQT and Goldman Sachs acquired ISS for €2.9bn in 2005. In August 2012, Teachers' and Kirkbi Invest acquired a 26% stake in ISS for DKK 3.7bn. EQT and Goldman Sachs remained majority owners after the deal.

Company
ISS is the world's largest facility services provider, employing more than 500,000 people globally.

Founded in 1901 and headquartered in Søborg, the company had nearly DKK 80bn in revenues last year, and has a market-cap of around DKK 30bn.

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