The current owners – funds advised by EQT Partners and GS Capital Partners – are not selling any shares as part of the transaction and will remain majority owners of ISS.
“The board of directors of ISS is very pleased to welcome such respected and successful long term investors to ISS,” said Ole Andersen, chairman of ISS A/S. “This is a testament to the strength and attractiveness of ISS as an investment opportunity. Together with our two majority owners, the board will work closely with the new investors on ISS’ value creation. ISS is on track to significantly deleverage ahead of an IPO within a few years.”
According to the agreement, subject to closing, Ontario Teachers Pension Plan will invest approximately DKK 2,605 million and KIRKBI Invest A/S approximately DKK 1,116 million. The new investors will own approximately 26% of the ultimate holding company of ISS.
ISS provides cleaning services, support services, property services, catering services, security services and facilities management services around the world. It has around 534,000 employees and revenues in 2011 were DKK 77.6 billion.
In 2005 equity funds EQT Partners and Goldman Sachs Capital Partners acquired the company and delisted it from the Copenhagen Stock Exchange.