European private equity firm EQT Partners and GS Capital Partners, the PE arm of banking group Goldman Sachs Group, are selling Danish facilities management company ISS, Financial Times reports. The new owner G4S, the U.K. security company, is paying £5.2 billion for the acquisition. The deal will be funded by a new fully underwritten £3.7 billion debt facility provided by Deutsche Bank, HSBC Bank and the Royal Bank of Scotland.
On the transaction, Deutsche Bank and Greenhill & Co. were joint lead financial advisers to G4S whereas Goldman and Morgan Stanley represented ISS. Post-deal, Jeff Gravenhorst, current CEO of ISS, will join the G4S board as COO and regional chief of Europe.
Click here for the story from Financial Times.
Click here for additional coverage from AltAssets.