EQT’s Acquisition of Anticimex

Milbank LLP and Vinge advised EQT on the deal, while Kirkland & Ellis advised EQT VI.

EQT announced the acquisition of leading global pest control specialist Anticimex which becomes the first investment of EQT’s new purpose-driven strategy with longer-term investments and impact at its core. The transaction, where the selling party is the EQT VI fund, has an enterprise value of SEK 60 billion and the investment is made together with several long-term investors, such as Melker Schörling AB (MSAB), who will be the second largest shareholder, GIC, AMF, Interogo Holding Long-Term Equity and Alecta.

Anticimex is a leading global pest control specialist and employs around 7,400 people serving more than three million customers in 20 markets worldwide. Anticimex will become the first investment of EQT’s new strategy with longer-term investments and impact at its core.

The transaction is expected to close in Q4 2021.

The Milbank team was led by Steffen Oppenländer (Corporate/M&A, Munich, Picture) and included partners Thomas Kleinheisterkamp (Tax, Munich); Alexander Rinne (Regulatory, Munich); and Joel Harrison (Technology, London) as well as associates Laura Treublein and Markus von Lutterotti (both Corporate/M&A, Munich); Roy Jackson (Corporate/M&A, Los Angeles); Chris Puttock (Technology, London); Javier Ramos (Litigation, Washington); Stephanie Kam (Global Projects, Singapore); Melchior Raiser and Anna Merkl (both Banking & Leveraged Finance, Munich); as well as Nils Bremer (Regulatory, Munich).

Vinge’s team consisted of Christina Kokko and Peter Sundgren together with Maria Dahlin Kolvik, Ellinor Wargenbrant, Manne Bergström and Nando Basic (M&A/Corporate), Louise Brorsson Salomon, Seyran Sahin, Karl-Gustaw Tobola and Axel Jansson (Banking and Finance), Viveka Classon, Paulina Malmberg and David Lundahl (Corporate Insurance), Emma Stuart-Beck, Caroline Krassén and Elias Bohlin (Financial Services), Sofia Bergenstråhle (IPR), Isabell Nielsen (Commercial Agreements), Elin Broman (Employment), Lina Österberg and Ulf Pyk (Real Estate and Environment), Mika Jordan (IT), Nicklas Thorgerzon (GDPR) and Jessica Öijer (VDR). Partner Marcus Glader together with Emma Johansson and Johan Wahlbom advice in relation to merger filing.

Kirkland & Ellis advised EQT VI with a team led by corporate partners Roger Johnson and Andreas Philipson.

Involved fees earner: Roger Johnson – Kirkland & Ellis; Andreas Philipson – Kirkland & Ellis; Nils Bremer – Milbank LLP; Joel Harrison – Milbank LLP; Roy Jackson – Milbank LLP; Stephanie Kam – Milbank LLP; Thomas Kleinheisterkamp – Milbank LLP; Anna Elizabeth Merkl – Milbank LLP; Steffen Oppenländer – Milbank LLP; Chris Puttock – Milbank LLP; Melchior Raiser – Milbank LLP; Javier Ramos – Milbank LLP; Alexander Rinne – Milbank LLP; Laura Treublein – Milbank LLP; Markus von Lutterotti – Milbank LLP; Axel Jansson – Vinge; Nando Basic – Vinge; Sofia Bergenstråhle – Vinge; Manne Bergström – Vinge; Elias Bohlin – Vinge; Elin Broman – Vinge; Viveka Classon – Vinge; Maria Dahlin Kolvik – Vinge; Marcus Glader – Vinge; Emma Johansson – Vinge; Mika Jordan – Vinge; Christina Kokko – Vinge; Caroline Krassén – Vinge; David Lundahl – Vinge; Paulina Malmberg – Vinge; Isabell Nielsen – Vinge; Jessica Öijer – Vinge; Lina Österberg – Vinge; Ulf Pyk – Vinge; Seyran Sahin – Vinge; Louise Brorsson Salomon – Vinge; Emma Stuart?Beck – Vinge; Nicklas Thorgerzon – Vinge; Karl?Gustaw Tobola – Vinge; Johan Wahlbom – Vinge; Ellinor Wargenbrant – Vinge;

Law Firms: Kirkland & Ellis; Milbank LLP; Vinge;

Clients: EQT Partners; EQT VI;

Author: Federica Tiefenthaler