Bain Capital to Buy Control of Infrastructure Firm Eleda (1)

Bain Capital has agreed to acquire a controlling stake in Eleda, a Swedish infrastructure projects and services firm, from the private equity firm Altor.

The transaction values Eleda at about €1.5 billion ($1.6 billion) including debt, people familiar with the matter said, asking not to be identified discussing confidential information.

Altor will retain a minority stake, according to a statement Wednesday. Eleda’s founders, Johan Halvardsson and Peter Condrup, and its management team will “substantially reinvest” in the company, the statement showed.

A representative for Bain Capital declined to comment on the valuation.

Stockholm-based Eleda invests in infrastructure projects including ...