Sector: Services
Country: Denmark
Responsible Advisor:
Entry: May 2005
Exit: Mar 2015

Fund: EQT IV
Entry: May 2005
Exit: Nov 2019

ISS is the world’s leading provider of integrated facility services, offering services across six business areas: cleaning services, property services, catering services, support services, security services and facility management. ISS has more than 520,000 employees and local operations in over 50 countries across Europe, Asia, North America, Latin America and the Pacific. A key demand driver for ISS is an on-going trend towards outsourcing of non-core functions in a company. Large multinational companies are also increasingly looking for one facilities manager worldwide.

On March 3 2014, ISS announced its intention to an initial public offering (IPO). Due to strong demand from investors, ISS made an early close of the offering on March 12. The shares began trading on March 13 on the NASDAQ OMX Copenhagen exchange at a price of DKK 160. On September 9 2014, EQT funds and GS PIA placed 31 million shares through an Accelerated Book Building (ABB). As part of the ABB, OTPP decided to sell a smaller part of their holding. On December 3 2014, EQT funds and GS PIA successfully agreed the placing of 25 millions shares in ISS.  

On March 13 2015, EQT funds and GS PIA successfully agreed the placing of 36 million shares in ISS, thereby completing the divestment of the company.

Key events during EQT's ownership

Since acquisition ISS has embarked on a clear strategic road to offer multiple integrated services on a global basis. Compared with 2004, which represents the last annual revenue prior to the acquisition, up to 2014 ISS has undergone a substantial development: