Anticimex Sells 19% Stake, Implied Enterprise Value of $2.7 Billion

The majority owner of Anticimex, EQT Vl, a Swedish private equity firm, has entered into an agreement to sell a 19% minority interest in Anticimex to AMF, AP6, Volito, and Cubera.

Potomac estimates Anticimex’s 2018E EBITA to be approximately $115 million, which would imply a forward 2018E EBITA multiple of 23.4x, or $2.7 billion.

As negative yields prevail across the continent, European funds continue to flow into the global pest control industry following the unprecedented move by the Swiss National Bank to make a direct equity purchase of Rollins (NYSE: ROL) stock earlier this year.

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