EQT brings in Melker Schörling AB as minority partner in Anticimex
- EQT brings in Melker Schörling AB, a large Swedish investment company, in a minority stake sale in Anticimex
- With the partnership, Anticimex diversifies the shareholder base further and adds another long-term committed anchor investor
- EQT remains controlling owner and continues to support Anticimex in becoming the global leader in preventive pest control
The EQT VI fund (“EQT VI”) today announced the decision to bring in Melker Schörling AB (“MSAB”) as an indirect minority investor in Anticimex (“Anticimex” or “the Company”), in a transaction valuing the Company at approximately EUR 3.6 billion (similar stake size as acquired by GIC in November and at the same valuation).
Founded in 1934 and headquartered in Stockholm, Sweden, Anticimex is a leading global specialist within pest control, operating in 154 branches in 18 countries across Europe, Asia-Pacific and the US. Since acquired by EQT VI in 2012, Anticimex has transformed from a Nordic services conglomerate into a global player and a market leader in digital pest control. During the ownership period, EQT has backed Anticimex’ organic growth trajectory and ambitious buy-and-build strategy, completing over 200 add-on acquisitions worldwide. EQT has also supported the launch of the Company’s digital and environmentally friendly pest control monitoring system, “Anticimex SMART”.
By bringing in MSAB as a minority investor, EQT aims to further diversify the Company’s shareholder base and add another long-term committed anchor investor and partner.
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, commented: “EQT is pleased to welcome MSAB as a new investor. Bringing in investors like MSAB is part of EQT’s continuous effort to diversify Anticimex’ shareholder base and strengthen the Company with value-adding partners. Anticimex continues its journey towards becoming the global leader in preventive pest control with further international expansion and investments in the next generation of digital pest control technologies.”
Jarl Dahlfors, CEO of Anticimex, added: “MSAB is a well-respected investor which further strengthens our foundation and shareholder base. We look forward to continue our growth journey with all our strong and value-added shareholders.”
During EQT’s ownership period, Anticimex has almost quadrupled its revenues and increased operating earnings by six times.
The transaction is expected to be completed during Q1 2020.
Contacts
Per Franzén, Partner at EQT Partners and Investment Advisor to EQT VI, +46 8 506 55 300
EQT Press Office, +46 8 506 55 334
About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtgroup.com
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About Anticimex
Anticimex is a leading global specialist in preventive pest control with operations in 18 countries across Europe, Asia-Pacific and the US with headquarters in Stockholm, Sweden. With its approximately 6,000 employees, Anticimex serves around 3 million customers across the globe and offers a broad range of preventive pest control solutions, including the digital solution Anticimex SMART and pest insurance.
More info: www.anticimex.com