International private equity firm, Cinven has signed an agreement to acquire all shares in Envirotainer from majority shareholder AAC Capital for an undisclosed sum.
The transaction for the supplier of temperature controlled airfreight solutions for the pharmaceutical supply chain will be formally closed when all relevant financial regulatory filings have been approved, which is estimated to be completed by late summer or early autumn.
Envirotainer chief executive officer, Michael Borg says: “Cinven is one of Europe’s leading private equity firms, with substantial activities in healthcare and a strong Nordic track-record. They have an important global contact network, a solid understanding of Envirotainer and our industry, and will be a strong financial backer for our strategy of continued growth.”
Cinven partner, Pontus Petersson says: “Envirotainer is the clear leader in a market segment we believe is very interesting, and the company consistently delivers strong growth and high performance. We are very happy to be part of Envirotainer’s continued future development.”