LONDON (Thomson Financial) - Nordic private equity firm EQT has agreed to acquire SAG, a German provider of energy related infrastructure services to utilities, from US-based private equity firm Advent International.
With its 5,900 employees, SAG generates cumulative revenues of about 770 mln eur.
Advent International acquired SAG in May 2006 with the takeover of RWE Solutions AG from RWE AG. The original transaction had also included RWE Solution subsidiaries Nukem, RWE Industrie-Loesungen, RWE Space Solar Power and Lahmeyer International, which had employed about 9,500 staff and recorded net sales of 1.7 bln eur in 2005.
The debt financing for the transaction will be provided by Commerzbank Corporates & Markets, The Royal Bank of Scotland, BNP Paribas and Intermediate Capital Group. Alexander.Wessendorff@thomson.com aw/ajb COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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