Abu Dhabi’s Mubadala and EQT fund to buy Sweden’s Envirotainer & More News Here

DUBAI, June 7 (Reuters) – Abu Dhabi state fund Mubadala and a fund managed by European buyout agency EQT have agreed to buy Envirotainer, a Swedish firm which leases out chilly containers for transport temperature-sensitive healthcare merchandise.

Mubadala and the EQT X fund are shopping for the corporate from European buyout agency Cinven and Denmark life-sciences investor Novo Holdings, Mubadala and EQT stated in a joint assertion on Tuesday.

Envirotainer’s enterprise worth quantities to roughly 2.8 billion euros, they stated.

“EQT and Mubadala will seek to support Envirotainer in its next phase of growth by accelerating expansion in APAC (Asia-Pacific region) and continuing stable growth in its other core markets,” they stated.

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Reporting by Hadeel Al Sayegh; modifying by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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