Jun 3, 2022 - Economy & Business

EQT is buying vaccine transport giant Envirotainer

Illustration of a plane with a red cross on the tail.

Illustration: Shoshana Gordon/Axios

EQT agreed to buy Envirotainer, a Swedish medical freight provider, from fellow private equity firm Cinven, as first reported by the WSJ and confirmed by Axios.

Why it matters: Envirotainer has been key to the COVID-19 vaccine supply chain, saying it helped ship over 1 billion doses via its 6,500 temperature-controlled airfreight containers.

Details: Expect the deal to be announced early next week with a €2.8 billion value (including debt).

  • It also plays into EQT's sweet spot, given the private equity giant's past experience with freight logistics and healthcare.

The bottom line, per the WSJ: "Healthcare services are often perceived to be resilient to economic headwinds."

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