Cinven set for Envirotainer acquisition

Specialist pharma-chain ULD provider Envirotainer is set to have a new owner after private equity firm Cinven acquired all the shares of majority stakeholder AAC Capital for an undisclosed sum.
Michael Berg, chief executive of Envirotainer, said: “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.”
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.
Pontus Petersson, partner at Cinven, said: “We have been following Envirotainer from a distance for a number of years.
“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."
Read more Pharma Logistics news
Read more ULD news
Sign up to receive Air Cargo News direct to your inbox for free

Share this story

Related Topics

Latest acquisitions news

CMA CGM completes Bolloré Logistics acquisition

The CMA CGM Group has completed its largest acquisition since its formation with the takeover of Bolloré Logistics from the…

Read More

Share this story

Bolloré’s contract logistics business grows with acquisition

Bolloré Logistics’ contract logistics subsidiary, Bolloré Solutions Logistiques (BSL) has acquired STEF Logistique Santé (SLS) to grow its contract logistics…

Read More

Share this story

European Commission approves CMA CGM takeover of Bolloré Logistics

The European Commission has approved CMA CGM’s proposed acquisition of Bolloré Logistics, bringing the shipping giant one step closer to…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.