EQT eyes 2014 Sanitec IPO


bathroom5_sqSwedish private equity firm EQT is reportedly planning to float bath and toilet maker Sanitec on the Stockholm Stock Exchange next year.

EQT has hired UBS and Nordea to advise on the IPO, said Reuters, citing two people familiar with the matter.

“They’re aiming for the first half year,” said one of the sources.

The business, which currently has debts of €200, could be valued at 8.5 to nine times its current EBITDA of €100m, said the report.

Back in 2011, it was reported that EQT was looking to sell the company for as much as €1bn and hired UBS to advise it on the process.

Last month it was reported that EQT made an offer for 100 per cent of Deutsche Telekom’s Scout24 digital classifieds business.

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