NEWS & VIEWS

Global private equity and venture capital news and research

EQT, Goldman-backed ISS eyes imminent stock market float

11 Feb 2014

exit sign_sqEuropean buyout house EQT and the private equity arm of Goldman Sachs are reportedly nearing a part-exit of Danish outsourcing business ISS after almost a decade of ownership.

ISS plans to float on the stock market next week according to Reuters, which cited sources familiar with the matter.

It said Goldman Sachs and UBS were leading the IPO of ISS, which is one of the world’s largest private employers with 530,000 staff.

ISS previously considered listing in 2007 and 2011, but pulled back from the option both times amid turbulent stock market conditions.

EQT and Goldman offered €3bn for the firm in 2005, with the former owning 55 per cent and the later holding the balance.

Ole Andersen, partner of EQT, said at the time, ‘ISS fits well into EQT’s strategy of investing in companies with growth potential.

“It is EQT’s ambition to support the management in further developing the company and its market positions within facility services to fully capture its potential.”

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014