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New Deal


Announced

EQT to acquire Recover Nordic from Agilitas for $325m.

Financials

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Transaction Value£248m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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damage control services

Acquisition

Friendly

Private Equity

Maintenance Repair and Overhaul (MRO)

Norway

Private

Pending

Majority

Single Bidder

Synopsis

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EQT agreed to acquire Recover Nordic, a provider of damage control services, from Agilitas, a private equity firm that invests in waste management and healthcare sectors, for $325m. The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020. "We are excited to partner with EQT, one of the world’s most reputable investment organizations, with a strong track record in the services sector. EQT’s growth-focused strategy and hands-on ownership approach is a great match for Recover Nordic," Bjorn Herlofsen, Recover Nordic CEO.

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