Bain Capital, advised by Kirkland & Ellis LLP, has sealed a deal to acquire Apleona, a German facilities management powerhouse, from France’s PAI Partners, the companies confirmed Friday. This acquisition marks a strategic push to bolster Apleona’s market dominance across Europe.
A High-Stakes Deal with Growth in Mind
A consortium led by Bain has committed to acquiring Apleona Group GmbH with a vision to elevate the company into a leading force in the integrated facility management sector. While financial specifics remain undisclosed, the deal signals a significant shift in Apleona’s trajectory.
PAI Partners, advised by Hengeler Mueller, had initially acquired Apleona from Swedish investment firm EQT AB in 2020 for €1.6 billion. Since then, Apleona has expanded its European presence, incorporating AI-based systems for climate control and executing 14 acquisitions, including the 2023 purchase of Gegenbauer Group.
Apleona’s CEO Eyes Future Growth
Jochen Keysberg, Apleona’s chief executive, emphasized that Bain’s backing will allow the company to maintain its independence while strengthening its leadership in the facility management space.
