Envirotainer gets Cinven as new owner
Envirotainer, a temperature-controlled airfreight solutions provider for the pharmaceutical supply chain announced that Cinven, the international private equity firm, has signed an agreement to acquire all shares in Envirotainer from current majority shareholder AAC Capital for an undisclosed sum.
July 13, 2018: Envirotainer, a temperature-controlled airfreight solutions provider for the pharmaceutical supply chain announced that Cinven, the international private equity firm, has signed an agreement to acquire all shares in Envirotainer from current majority shareholder AAC Capital for an undisclosed sum.
“We are very happy to welcome Cinven as our new owners. 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,” said Michael Berg, CEO of Envirotainer.
“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,” explained Pontus Petersson, partner at Cinven.
The transaction will be formally closed when all relevant financial regulatory filings have been approved. It is estimated to be completed by late summer or early autumn 2018.
