Apleona Acquires Neylons Facility Management
Apleona has acquired Neylons Facility Management, one of the largest owner-managed integrated facility management providers in Ireland. The acquisition means that...
Read Full ArticleEurope’s leading facilities management provider Apleona, is being sold to PAI Partners for a reported €1.6 billion .
The transaction is subject to customary conditions and approvals and is expected to close early in Q2 of 2021.
Announced on Sunday, (06 December 2020), shares of around €450-470 million will also be shared with former owner Bilfinger, due to a clause made in the 2016 deal. Apelona was sold to EQT in a €1.4 billion deal in 2016.
It’s also rumoured that an IPO for Apelona is also being considered for Summer 2021, organised by Deutche Bank and UBS.
Jochen Keysberg, CEO of Apleona, commented: "We have very much enjoyed the collaborative journey under EQT ownership and are thrilled to see how Apleona has benefited from EQT's expertise and the investments made since the carve-out.
“We have an advantage with digital products and the automation and digitalization of operational processes and an unrivalled track record of sustainability initiatives supporting our client's efforts. We are very excited to take this next step of our journey together with PAI and enter a new phase of growth both through M&A and also our enhanced organic growth potential"
Ralph Heuwing, Partner at PAI Partners, added: "We are excited to invest in Apleona, an excellent fit with PAI's investment philosophy of acquiring industry leaders and capitalizing on attractive market fundamentals as well as tangible consolidation opportunities. The platform prepared by EQT and CEO Jochen Keysberg has laid the foundation for efficiency, digital excellence and continued growth. We look forward to a successful journey together.”
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Article written by Ella Tansley | Published 10 December 2020
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