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Bain Capital Launches Counter-Offer After Triton Outbids Them for Caverion with €1.09bn Offer

Source Node: https://zephyrnet.com/triton-trumps-bain-capitals-caverion-deal-with-e1-09bn-offer-bain-fights-back/
Time Stamp: January 12, 2023 8:49 AM - Modified On: January 12, 2023 - Published By:
Source Cluster:
Published by Plato

Bain Capital, a private equity firm, has launched a counter-offer after Triton outbid them for Caverion with a €1.09bn offer. Caverion is a leading provider of technical services for buildings and industries in Europe and the Middle East.The battle for Caverion began in October when Triton made an offer of €1.09bn for the company. Bain Capital then made a counter-offer of €1.14bn, which was rejected by Caverion’s board of directors. However, Bain Capital has now launched a new counter-offer of €1.20bn, which is higher than Triton’s offer.The bidding war for

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/
Time Stamp: January 12, 2023 8:49 AM - Modified On: January 12, 2023 - Published By:
Source Cluster:
Published by Plato

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