Abu Dhabi’s Mubadala & EQT Private Equity to acquire Swedish firm Envirotainer

Abu Dhabi’s Mubadala & EQT Private Equity to acquire Swedish firm Envirotainer

Abu Dhabi-based global investor Mubadala Investment Company and EQT X fund (EQT Private Equity) have agreed to acquire Swedish medical freight firm Envirotainer from Cinven and Novo Holdings for an enterprise value of about $2.99 billion (2.8 billion euros).

Founded in 1985, Envirotainer is the leading global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals.

The company said that the new investments will accelerate expansion in Asia-Pacific and help out with stable growth in core markets.

Ms. Camilla Macapili Languille, Head of Life Sciences at Mubadala, said that, “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.”

“Their extensive international footprint ideally positions Envirotainer to meet the pharma industry’s growing need for global temperature-controlled distribution and as the undisputed market leader, they are continuing to pioneer developments in the sector with forward-thinking R&D innovation,” Ms. Languille added.

According to the statement, “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 and Mubadala’s global network to