“Apleona will remain an independent company under Bain Capital’s ownership, reinforcing its position as a European leader,” Keysberg said.
The Frankfurt-based company, which boasts over 40,000 employees, reported €4 billion ($4.2 billion) in revenue for 2024. It provides services to regional and multinational clients, assisting them in reducing energy consumption and cutting carbon emissions in their buildings.
Bain Targets the Decarbonization Market
Bain Capital’s European private equity chair, Michael Siefke, underscored the firm’s commitment to investing in businesses focused on decarbonizing infrastructure.
“We’ve been actively seeking opportunities in the energy efficiency sector,” Siefke said. “Apleona is positioned for tremendous growth, and we are excited to drive its next evolution.”
PAI Partners’ DACH region head, Ralph Heuwing, echoed this sentiment, highlighting his firm’s success in scaling Apleona’s footprint over the past four years.
“We are pleased to have guided Apleona’s transformation and to have supported its expansion,” Heuwing said.
Awaiting Regulatory Approval
The acquisition still requires regulatory clearance, though the companies did not specify from which authorities or provide a timeline for completion. However, given the momentum behind the deal, industry watchers anticipate a swift approval process.
