By Anthony O. Goriainoff
Swedish private-equity firm EQT AB on Tuesday said that its EQT Private Equity unit and Mubadala Investment Co. will acquire Sweden's Envirotainer from Cinven Group Ltd. and Novo Holdings, in a deal with an enterprise value of around 2.8 billion euros ($2.99 billion).
The company said the transaction is subject to customary conditions and approvals, and is expected to close in the third quarter.
Envirotainer is a provider of cold-chain transportation products for biopharmaceuticals, the company said.
"EQT Private Equity and Mubadala will help scale the newly launched CryoSure offering and continue the successful rollout of third-generation Releye platform, while investing behind new technology innovations, digitalization and sustainability in its operations," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
06-07-22 0249ET