UAE - Mubasher: The EQT X fund (EQT Private Equity) and Mubadala Investment Company (Mubadala) have approved the acquisition of Sweden-based Envirotainer from Cinven and Novo Holdings in exchange for around EUR 2.8 billion.
Envirotainer is a global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, according to a press release on Tuesday.
The transaction will enable EQT Private Equity and Mubadala to support Envirotainer in its next phase of growth and expansion in APAC and other main markets.
The Head of Life Sciences at Mubadala, Camilla Macapili Languille, said: "Envirotainer plays a mission-critical role in the healthcare ecosystem by ensuring the safe and reliable delivery of drugs from pharma companies to hospitals, clinics, and ultimately, patients."
Meanwhile, the Partner within EQT Private Equity’s Advisory Team, Ali Farahani, commented: "The active temperature control for air transportation of temperature-sensitive pharma products offers attractive exposure to the growing biologics end-market. Envirotainer is the clear global leader with significant scale advantages, superior operations, and industry-leading performance."
