Bain Capital poised to acquire Apleona Group GmbH in €4B deal
Private equity giant Bain Capital has engaged in advanced discussions to acquire Apleona Group GmbH, a German facility management company, in a transaction potentially valued at €4 billion ($4.2 billion). This information was disclosed by individuals familiar with the matter.
PAI Partners, the current private equity owner of Apleona, is reportedly finalizing transaction terms and an agreement is anticipated to be announced within the coming days. Sources emphasize that the ongoing discussions remain subject to adjustments and could potentially be delayed or terminated.
Representatives from both Bain and PAI have declined to comment. Earlier in 2023, PAI retained advisors to evaluate options, including a potential sale of Apleona, as reported by Bloomberg News. However, the French buyout firm subsequently abandoned the planned sale last year due to initial bids falling below their expectations, according to insiders.
Apleona Group, headquartered in Germany, offers facility management services spanning multiple sectors, including commercial, industrial, and public entities. It employs over 43,000 individuals across more than 30 countries and was previously part of the Bilfinger SE industrial conglomerate.
PAI acquired Apleona from EQT AB in 2020 for approximately €1.6 billion. This potential sale would align with a broader trend among buyout firms reviving divestment plans in the face of a more favorable dealmaking climate.