Apax Partners acquired Safetykleen Europe from Warburg Pincus.

Apax Partners acquired Safetykleen Europe, the largest service provider of surface treatment and chemical application services, from Warburg Pincus. Terms of the transaction were not disclosed. Frank Ehmer, Partner at Apax Partners, commented: “Safetykleen has a very strong reputation in parts cleaning and has seen significant growth over the past three years under the leadership of Philippe Mauguy. We see significant room for the business to develop further, leveraging its scale advantages in a market with substantial white space for full-service solutions. We have been following Safetykleen’s journey for several years and are delighted about the opportunity to work with management on the company’s next chapter of growth.”