EQT Enters Exclusive Negotiations To Acquire Schülke - A Leading Provider Of Infection Prevention Solutions

• EQT enters exclusive negotiations to acquire schülke, a leading provider of hygiene and infection prevention solutions, such as skin and surface disinfection products and wound antisepsis

• schülke is a pioneer in the infection prevention industry with 130 years of experience, protecting lives worldwide by providing critical products for global disease prevention

• After closing, EQT will support schülke and the management team, led by CEO Christian Last, in their next phase of growth and innovation, and further strengthen schülke's brand and market position

STOCKHOLM, April 7, 2020 /PRNewswire/ -- The EQT VIII fund ("EQT" or "EQT VIII") today announced that it has entered exclusive negotiations  to acquire Schülke & Mayr GmbH ("schülke" or the "Company"), a leading provider of hygiene solutions and a subsidiary of Air Liquide S.A. ("Air Liquide"). This transaction is subject to the final and definitive agreement between the parties and will be carried out in the framework of the relevant social processes including ongoing dialogue with the employee representatives' bodies. Furthermore, the transaction will be subject to antitrust and foreign investment clearances.

Founded in 1889 in Hamburg, schülke's mission is to protect lives worldwide by providing critical hygiene solutions that effectively combat risks for humans and materials from infection and contamination. EQT plans to build on schülke's current strategic agenda executed by the management team. The strategy includes investing in growth, strengthening the Company's position in core as well as new markets, and focusing on continued R&D and new product development. EQT also intends to support schülke in staying at the forefront within sustainability and to invest in the Company's workforce. In the short term, EQT will support schülke in its immense efforts to contribute to the fight against the COVID-19 pandemic by increasing the supply of urgently needed disinfectants.

Matthias Wittkowski, Partner at EQT Partners and Investment Advisor to EQT VIII, added: "EQT has followed schülke closely for over a year and the planned acquisition is a good example of how EQT is investing thematically with the trends in strong, non-cyclical businesses in our core sectors, such as healthcare. We are deeply impressed by the dedication and contribution of every single schülke employee. The Company's mission is about protecting lives and its employees are currently working day and night to adhere to this mission in the unprecedented COVID-19 situation. This passion builds on schülke's heritage as a global infection prevention market leader and pioneer in this space. Its comprehensive product portfolio, innovation capabilities, and high customer loyalty are unique. EQT looks forward to supporting schülke's management team, under the leadership of Christian Last, and its employees with further investments into its critical hygiene products that protect health and well-being."

Goldman Sachs and Deloitte acted as financial advisors to EQT. Freshfields Bruckhaus Deringer LLP acted as legal advisor.

With this transaction, EQT VIII is expected to be 70-75 percent invested.

Contacts

Matthias Wittkowski
Partner at EQT Partners
Investment Advisor to EQT VIII
+49-892-554-990

EQT Press Office, press@eqtpartners.com , +46-8-506-55-334

About EQT

EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

Follow EQT on Twitter and LinkedIn

About Schülke & Mayr GmbH

Schülke & Mayr GmbH, headquartered in Germany, is a leader in infection prevention and hygiene for more than 130 years. schülke develops, produces and distributes antiseptics for wound care, disinfectants, medical and cosmetic skin care products and preservatives. The company offers its customers innovative products, technologies and services in its core business fields: Healthcare, Industrial Hygiene and Personal Care. Schülke's mission is to protect lives worldwide and therewith actively contributes to patient safety. Today, the company employs over 1,250 employees worldwide and sells its products in over 100 countries. Represented by 22 subsidiaries, schülke operates three production sites in Germany (schülke), France (Bioxal) and Brazil (Vic Pharma).

More info: www.schuelke.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-enters-exclusive-negotiations-to-acquire-schulke---a-leading-provider-of-infection-prevention-so,c3083047

The following files are available for download: