EQT is in final stage talks with I-MED, the company said in a statement. It plans to invest in the company alongside Singapore’s sovereign wealth fund GIC and Canadian pension fund Caisse de dépôt et placement du Québec.
I-MED said that the takeover is expected to be completed by the end of June.
The company saw its EBITDA climb to $79m last year from $54m in 2012. It is understood that I-MED’s current market value is around $600m, according to the Australian.
Earlier this month EQT-backed Danish outsourcing firm ISS revealed it plans to raise DKK8bn ($1.47bn) in its IPO on the Copenhagen stock exchange.
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