EQT and Goldman Sachs DKr7.3 billion divestment of stake in ISS

Overview:

• EQT-owned fund FS Invest and the private equity arm of Goldman Sachs completed the sale of their remaining 19.3% stake in Danish facility services company ISS for DKr7.3 billion through an accelerated bookbuilding process.
• The sale follows the $1.5 billion IPO of the company in 2014.
• As part of the transaction Kirkbi Invest, the investment fund of the family that own Lego, increased its holding in ISS to 10.27%, making it the third largest shareholder in the company behind the Ontario Teachers' Pension Plan and Artisan Partners.
• Danish pension fund PFA also increased its holding by more than DKr100 million, bringing its total stake to 1.5%.

Jon Moore - Journalist