The minority investment in Adapteo is in partnership with the Goldman Sachs Asset Management Infrastructure business. This follows a recommended cash offer on 17th of May 2021 by Palace Bidco Oy to the shareholders of Adapteo Plc of SEK 165 per share.
IH Infrastructure Advisors is the infrastructure investment team of the Interogo Holding group. IH Infrastructure Advisors targets direct investments, mainly in Europe, across the infrastructure sector. The strategy is to acquire holdings in infrastructure companies that provide essential services to society, are recession resilient, and offer downside protection through stable and predictable cash flows.
Adapteo is a leading provider of flexible, reusable modular space rental solutions to the social infrastructure and offices sectors in Northern Europe. Adapteo primarily rents adaptable buildings for schools, daycare centres, elderly care, offices, accommodation and events. Adapteo operates in Sweden, Finland, Norway, Denmark, Germany, Belgium and the Netherlands. A high share of Adapteo’s revenue is recurring by nature, and rental revenue is generated by rental contracts with primarily public sector customers.
For additional information about the public tender offer, please visit:
https://www.goldmansachs.com/disclosures/sweden/announcements/public-offer-adapteo-plc.html
https://www.adapteogroup.com/investors/tender-offer/
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