Envirotainer to be sold

By Rebecca Jeffrey

Image source: Envirotainer

Temperature-controlled ULD firm Envirotainer is set to be sold in a deal worth around €2.8bn.

The deal will see private equity firm Cinven and co-investor Novo Holdings sell the air cargo business to another private equity firm, EQT, and investment company Mubadala.

International law firm Clifford Chance advised Cinven and Novo Holdings on the deal, which has an enterprise value of approximately €2.8bn.

The sale comes around four years after Cinven purchased the company for an undisclosed sum.

Shortly after Cinven’s purchase, Novo Holdings agreed to acquire a 24.9% equity stake in Envirotainer.

Headquartered in Sweden, Envirotainer is a global provider of temperature-controlled air cargo containers for the global pharmaceutical supply chain.

The last few years have seen a rise in demand for temperature-controlled transportation as a result of the Covid outbreak and the need to transport vaccines.

Envirotainer launched the RAP version of its Releye temperature-controlled container in February.

The first commercial shipment using Envirotainer’s Releye RAP temperature controlled container was handled by Swiss WorldCargo in March.

Clifford Chance originally advised Cinven, alongside law firm Vinge, on its acquisition of Envirotainer in 2018, and has supported Cinven throughout the lifecycle of its investment.

Vinge also advised on the Swedish aspects of the current sale, said Clifford Chance.

Envirotainer launches its largest Releye container

First commercial shipment using Envirotainer’s RAP

Qatar Cargo approves latest Releye container

Share this story

Related Topics

Latest acquisitions news

Freightos begins trading as a public company

By Rebecca Jeffrey

Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq…

Read More

Share this story

Air charter demand rising

By Rebecca Jeffrey

The global air charter services market is expected to be valued at $31.9bn in 2023, according to a US market…

Read More

Share this story

Lufthansa submits offer to acquire a stake in ITA Airways

By Rebecca Jeffrey

Lufthansa has confirmed it aims to acquire a minority stake in Italian national carrier ITA Airways with options for a…

Read More

Share this story

Rebecca Jeffrey

Rebecca Jeffrey
New to aviation journalism, I joined Air Cargo News in late 2021 as deputy editor. I previously worked for Mercator Media’s six maritime sector magazines as a reporter, heading up news for Port Strategy. Prior to this, I was editor for Recruitment International (now TALiNT International). Contact me on: [email protected]