EQT launches voluntary takeover offer for va-Q-tec

Va-Q-tec develops, manufactures and sells thin vacuum insulation panels and phase change materials.

  • The takeover offer is supported by co-investors Mubadala and Cinven
  • Va-Q-tec is a provider of thermal energy efficiency and temperature-controlled supply chain products
  • Va-Q-tec is listed on the Frankfurt Stock Exchange

EQT Private Equity launched a voluntary takeover offer for va-Q-tec in partnership with the company’s founders. Joachim Kuhn and Roland Caps together hold approximately 26 percent in the company’s current share capital.

The offer price is €26.00 per va-Q-tec share, a premium of 98 percent to the unaffected three-months-VWAP as of (and including) 9 December.

Würzburg, Germany-based va-Q-tec is a provider of tech products in the field of thermal insulation and temperature controlled logistics. The company develops, manufactures and sells thin vacuum insulation panels and phase change materials.

Supported by co-investors Mubadala and Cinven, EQT Private Equity aims to accelerate growth across all of va-Q-tec’s business lines. This includes a combination of va-Q-tec’s pharma-focused business and EQT Private Equity, Mubadala and Cinven-owned Envirotainer. In June, EQT agreed to buy Envirotainer, a Swedish medical freight provider, from London-based Cinven.

“By partnering with va-Q-tec’s founders and management and with the aim of taking the company private, we are convinced that we can support va-Q-tec in reaching its full potential,” said Matthias Wittkowski, partner at EQT Private Equity’s advisory team. “One particularly exciting step on this joint journey is the combination of va-Q-tec with our portfolio company Envirotainer, which we believe has the potential to create a ‘one-stop-shop’ offering for customers needing mission critical pharma transport services.”

EQT, headquartered in Stockholm, is a global investment organisation founded in 1994.