Nordic Capital sells its majority holding of industry service provider Quant
June 16 2022
Nordic Capital has sold its majority shareholding of the multinational maintenance service provider Quant AB (publ) (“Quant”) after supporting the company through an extensive transformation as an active and responsible owner for a period of six years. Permira Credit is now Quant’s majority shareholder as the company enters the next phase of its journey.
Nordic Capital Fund VIII acquired Quant, formerly known as ABB Full Service, as a carve-out from the ABB Group in 2014. This marked the start of an extensive transformation process and creation of a strong independent company within industrial maintenance under the name Quant. During Nordic Capital’s six years of ownership, Quant has sharpened its geographical focus, streamlined its organisation, and developed a multinational contract portfolio that is growing. Today, Quant is a leading service provider in industrial maintenance, maintaining and improving of safety, production and equipment performance around the world.
Quant is now ready to enter the next phase of its development and to continue to deliver on its strategy. Following today’s completion of the sale, Permira Credit is Quant’s new majority shareholder, and Nordic Capital will remain as a minority shareholder.
The terms of the transaction are not being disclosed.
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: 08-440 50 50
Quant is a leading multinational maintenance service provider, maintaining and improving the safety, production and equipment performance for over 400 facilities around the world. The company offers maintenance services within a wide range of industries, including pulp and paper, mining and minerals, chemicals, food and beverages. The core of Quant’s value proposition consists of improving safety, creating organizational equity, driving plant performance, and cost alignment. The approach is to view the maintenance function as a profit contributor, and not as a cost center, with Quant as the partner driving this transformation. Quant has more than three decades of experience, 2 400 employees and is headquartered in Stockholm, Sweden.
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 20 billion in over 125 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total assets under management of €60bn+ and makes long-term majority and minority investments across two core asset classes, private equity and credit.
Permira Credit is one of Europe’s leading specialist credit investors, supporting businesses with flexible financing solutions across Direct Lending, CLO Management and Structured Credit. Established in 2007, the firm advises investment funds and products which have provided more than €14bn of debt capital to over 300 European businesses.
Permira employs over 450 people in 16 offices across Europe, the United States and Asia. For more information, visit www.permira.com.