Apleona Acquired by Bain Capital

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14 February 2025

Private investment firm Bain Capital has acquired European FM service provider Apleona.

Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new owner: investment firm Bain Capital. 

Under PAI Partners’ ownership, Apleona has made 14 strategic acquisitions in Europe, including Air for All, JCW Group, and Neylons Facility Management.  The company also reached €4 billion in revenue for the first time in 2024.

Bain Capital has 24 offices globally, more than 1,850 employees, and has approximately $185 billion in assets under management. 

Apleona says that it will continue to expand its European platform by investing in data and AI-based control systems for HVAC systems and predictive maintenance of building technology.

Dr. Jochen Keysberg, CEO of Apleona, said: “Under Bain Capital’s ownership, Apleona will remain an independent company, supporting its position as a leader in integrated facility management with advanced self-delivered technical and digital expertise and sustainable solutions for the decarbonisation of buildings. We would like to thank PAI for its strong support and partnership since 2021. We will continue to grow Apleona through acquisitions, expand our service offering and regional coverage in Europe, and leverage AI, digital solutions and automation for the benefit of our customers.”

Dr. Michael Siefke, Partner & Chair of Europe Private Equity at Bain Capital, added: “Apleona is one of Europe's leading facility management companies and has undergone an impressive transformation in recent years. For the last years, we have been actively looking to invest in companies decarbonising buildings and are proud to partner with Apleona supporting the company in its next phase of growth and development. Apleona will continue to drive growth with the global resources of Bain Capital and the extensive experience of our industry team.”

Ralph Heuwing, Partner & Head of DACH at PAI Partners, said: "We are pleased to have successfully supported Apleona’s strong growth over the last four years and to have guided its transformation into the leading European provider of integrated facility management – a classic PAI investment in the Real Economy. Thank you to Apleona's management team for the excellent partnership. With a strong European platform, a comprehensive range of services and clear leadership in sustainability and decarbonisation, Apleona is well-positioned to continue its success in the years to come.

Picture: a photograph of the exterior of Apleona’s office in Berlin. Image Credit: Apleona 

Article written by Ella Tansley | Published 14 February 2025

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