Milbank Aids EQT’s ‘Longer-Hold’ Plan, $7 Billion Anticimex Deal

Milbank said it advised Sweden-based private equity firm EQT AB on its new, longer-hold strategy, for which the first transaction is an extension of EQT’s investment in pest control company Anticimex.

“Having a positive impact on societal and environmental problems takes huge investments, real commitment, and time,” said Per Franzen, head of EQT’s private capital advisory teams, explaining the move to longer investments.

The EQT VI fund is the selling party in the transaction, which is expected to close in the fourth quarter and values Anticimex at around $7.22 billion (60 billion Swedish Krona), according to a statement.

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