Envirotainer Welcomes Cinven as New Owners

0
1463

Envirotainer, the global market leader in temperature controlled airfreight solutions for the pharmaceutical supply chain, today announced that Cinven, the international private equity firm, has signed an agreement to acquire all shares in Envirotainer from current majority shareholder AAC Capital for an undisclosed sum.
“We are very happy to welcome Cinven as our new owners”, said Michael Berg, CEO of Envirotainer. He continues, “Cinven is one of Europe’s leading private equity firms, with substantial activities in healthcare and a strong Nordic track-record. They have an important global contact network, a solid understanding of Envirotainer and our industry, and will be a strong financial backer for our strategy of continued growth.”

“We have been following Envirotainer from a distance for a number of years,” explains Pontus Petersson, Partner at Cinven. “Envirotainer is the clear leader in a market segment we believe is very interesting, and the company consistently delivers strong growth and high performance. We are very happy to be part of Envirotainer’s continued future development,” Pontus concludes.
The transaction will be formally closed when all relevant financial regulatory filings have been approved. It is estimated to be completed by late summer or early autumn 2018.

READ ALSO  Inaugural Project Cargo and Breakbulk Exhibition 2022 
xyz xyz
Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.