Swedish private equity fund EQT reportedly plans to inject £100m of fresh equity into portfolio company Select Service Partners (SSP), Britain's largest railway food and beverage concession operator, which includes brands such as Upper Crust, Mille's Cookies and Caffe Ritazza.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018