GIC buys minority stake in Sweden pest control firm Anticimex

Its owner plans to accelerate Anticimex’s expansion in Asia.

GIC has acquired a 9.9% stake sale in Sweden-based pest control company Anticimex at an undisclosed price, its controlling owner EQT VI fund announced.

Through GIC, EQT expressed plans to internationalize the Anticimex’s shareholder base and accelerate its expansion in the Asian markets through the sovereign wealth fund’s global networks.

This brings the company to a value of $5.42b (EUR3.6b). GIC will hold the same mix of instruments as EQT.

The transaction is expected to be completed within Q4.

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