Cinven, a private equity firm, completed the acquisition of the pest control unit of Bayer, a German multinational pharmaceutical and life sciences company, for $2.6bn. “Following Cinven’s recent acquisitions of TK Elevator and Arxada, Cinven is confirmed as a preferred partner for large European corporates on significant disposals, especially within the Industrials sector. Bayer has been an exemplary custodian of the business, and we look forward to continued close collaboration between BESP and Bayer,” Pontus Pettersson, Cinven Partner.