PAI Partners to acquire Apleona from EQT VII for $1.88bn.

PAI Partners, a private equity firm, to acquire Apleona, a European facility management services provider, from EQT's fund EQT VII for $1.88bn. The transaction is subject to customary conditions and approvals and is expected to close early Q2 2021. "Today, Apleona is the market leader in the technical and integrated facilities management space. It has a strong platform to continue to drive market consolidation and further key account wins as the partner of choice for its blue-chip clients. We would like to thank Apleona's CEO, Jochen Keysberg, the broader management team, the supervisory board and the advisory committee, as well as all employees for supporting EQT and Apleona along our joint journey," Andreas Aschenbrenner, EQT Partners Partner.