Bain Capital’s Caverion Deal Outbid by Triton with €1.09bn Offer, Bain Responds.
Source Node:
https://zephyrnet.com/triton-trumps-bain-capitals-caverion-deal-with-e1-09bn-offer-bain-fights-back/
On June 3rd, 2020, the private equity firm Bain Capital was outbid by Triton in their attempt to acquire the Finnish building services company Caverion. The bid from Triton was €1.09 billion, while Bain Capital had offered €1.05 billion. This marks the end of a bidding war between the two firms that had been ongoing since April. Caverion is a leading provider of building services and solutions in Europe, with operations in Finland, Sweden, Norway, Denmark, Germany, Austria, and Poland. The company has over 17,000 employees and provides services such