Swedish company Ratos has sold its 100% stake in rolling stock maintenance specialist Euromaint to SSVP, a mid-market private equity fund advised by Orlando Management. Enterprise value amounts to SEK 650 million (EUR 67 million). The divestment is not estimated to generate any exit results for Ratos.
Ratos acquired Euromaint in 2007 in conjunction with the ongoing deregulation of the train operator market.
“Euromaint’s ability to deliver high quality services has strengthened the company’s position in the market for train maintenance. Ratos has owned Euromaint since 2007, and we believe that now is a good time for a new owner to take over,” Lars Johansson, acting CEO of Ratos said.
The transaction is expected to be completed in the fourth quarter of 2016.
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