Anticimex

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Pest Control — EQT

Deal Terms

Entry Year2012

Entry EV$0.32B

Entry Multiple10x

Leverage5x

Debt Amount$0.16B

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

EQT bought from Ratos for SEK 2.7B (2012). 400+ acquisitions since. Valued at SEK 100B (~$10B) by 2024. EQT sold to its own EQT Future long-hold fund (2021) at $6B valuation — selling to yourself. IPO planned at ~$7.6B. PE pest control roll-up playbook: recurring revenue, fragmented market, relentless M&A. EQT's poster child for 'platform building.'

Sponsor

EQT AB$130B AUM