Global law firm White & Case LLP has advised EQT Private Equity on its joint acquisition with Mubadala of Envirotainer, the leading global provider of mission critical biopharma transport services, from Cinven, Novo Holdings and Sjätte AP-fonden - AP6. The enterprise value amounts to around €2.8 billion.
EQT is a purpose-driven global investment organization with €77 billion in assets under management across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately €29 billion and more than 280,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Envirotainer was founded in 1985 in Stockholm, Sweden, where its headquarters, R&D and production are based. Envirotainer designs, manufactures and leases active temperature-controlled containers, used primarily for air freighting biopharma products. With a fleet of approximately 6,700 containers globally and approximately 375 employees in 20 countries, the company is a global leader in active temperature control for air transportation of temperature-sensitive pharmaceuticals. Envirotainer has more than 600 customers worldwide, including many global blue-chip pharmaceutical and biotech companies.
The White & Case team which advised on the transaction was led by partners Jan Jensen and Patrik Erblad (both Stockholm) and included partners Charles Larsen (Boston), Tilman Kuhn (Düsseldorf, Brussels), Matthias Kiesewetter (Hamburg, Frankfurt) and Orion Berg (Paris), local partner Mathis Rust (Düsseldorf), and associates David Riihonen, Rebecka Tenenbaum, Gemma Kean, Sara Bilge and Felix Fjellström (all Stockholm), Ashley Brzezinski (Boston), Alex Lippert (Houston), Krystle Koh and Kyle Oh (both Singapore).
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