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New Deal


Announced

Completed

Elis completed the acquisition of textile business of Blesk InCare.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Friendly

Russian Federation

Cross Border

Private

textiles

Majority

Textile Products

linen and workwear

Acquisition

Synopsis

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Elis, an international multi-service provider, offering textile, hygiene and facility service solutions, completed the acquisition of textile business of Blesk InCare, a textile rental service company and contract laundry processor for linen. Financial terms were not disclosed. "The acquisition of Blesk InCare’s Textile activity allows Elis to expand its portfolio of activities in Russia and to further expand the existing Mats and Ultra-clean services. Outsourcing is still very limited in Russia and the market therefore has a very material growth potential. With this new acquisition, Elis strengthens its positioning in the country and will greatly benefit from the future growth of these very profitable businesses," Xavier Martiré, Elis CEO.

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