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Apax in exclusive talks for Danish firm ISS

first_img Tags: NULL Apax in exclusive talks for Danish firm ISS alison.lock whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof PRIVATE equity firm Apax Partners is in exclusive talks to buy Danish cleaning giant ISS for $8.5bn (£5.3bn) in what could be Europe’s largest buyout since the credit crisis.ISS’ owners, Goldman Sachs and Swedish buyout firm EQT, have been considering an initial public offering (IPO) or a sale of the company, Reuters sources said.It is one of the world’s largest facilities services firms, employing more than 500,000 people.Apax beat bids of two rival private equity consortia to enter exclusive talks – one made up of Blackstone, Bain Capital, Nordic Capital and Clayton Dubilier & Rice, and another made up of CVC and Apollo.Apax is now talking to the sovereign wealth funds and large pension funds that invest in its €11.2bn euro buyout fund about investing directly in ISS, the source told Reuters.Apax’s maximum equity investment in deals is around €600m, leaving it to raise more than $2.5bn from co-investors. That would leave about $5bn to be funded through debt. The group has a couple of months to round up the investment, the person said.ISS’s main peers are UK security services group G4S, French catering and services company Sodexho SA, UK catering services provider Compass Group and Swedish security services company Securitas AB.Apax declined to comment. EQT and Goldman Sachs were not immediately available for comment. Wednesday 8 December 2010 10:46 amcenter_img Share Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemlast_img

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