Funds managed by private equity firm EQT AB and Mubadala Investment Company have agreed to buy Swedish medical freight company Envirotainer for an enterprise value of about 2.8 billion euros ($3.0 billion).
The majority stake in Envirotainer, which provides supply chain solutions for the transportation of biopharmaceuticals, will be bought from Cinven and Novo Holdings.
The transaction is expected to close in the third quarter, meaning that the EQT X fund will be 0-5% invested based on its target size. The Stockholm-based private equity firm and Mubadala were advised by Jefferies International.
Read more: BNN Bloomberg
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