EQT's investment arm and Mubadala ink $3B deal for medical freight and storage company
EQT’s private equity fund, EQT X, and Mubadala Investment Company, the investment branch of the United Arab Emirates, are making a big investment in cold chain management.
The companies have inked a $3 billion deal to buy Envirotainer, a temperature-controlled supply chain provider for the transportation of biopharmaceuticals, from Cinven and Novo Holdings.
Envirotainer was founded in 1985 in Stockholm, where its headquartered. The company designs, manufactures and leases active temperature-controlled containers, used primarily for air-freighting biopharma products. The company maintains a stock of 6,700 containers globally and has approximately 375 employees in 20 countries. It also has more than 600 customers worldwide.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.