The EQT X fund and Mubadala Investment Company, have entered into an agreement to acquire Envirotainer, the global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo Holdings. The enterprise value amounts to approximately EUR 2.8 billion.
EQT Private Equity and Mubadala will seek to support Envirotainer in its next phase of growth by accelerating expansion in APAC and continuing stable growth in its other core markets and will leverage EQT’s local-with-locals approach.
Founded 1985 in Stockholm, where its headquarters, R&D and production facilities are based, Envirotainer designs, manufactures and leases active temperature-controlled containers, used primarily for air freighting biopharma products. With a fleet of circa 6,700 containers globally and approximately 375 employees in 20 countries.