TDR Capital and I Squared Capital to acquire the remaining 29% stake in Applus Services for €474m.

Synopsis

Private equity firms TDR Capital and I Squared Capital offered to acquire the remaining 29% stake in Applus Services, a testing laboratories company, for €474m. The effectiveness of the Offer is not subject to any condition.

Principals

target

Applus+ Services

bidder

Tdr Capital

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Market Context