Apax in Exclusive Talks for Danish Company ISS

Beating out bids from rival buyout shops, Apax Partners is now in exclusive talks to buy Danish cleaning company ISS, Reuters reported. ISS is currently owned by Goldman Sachs and Swedish private equity firm EQT. The deal, valued at about $8.5 billion, could become Europe’s largest buyout since the credit crisis, Reuters said. ISS is one of the world’s largest facilities services companies, with more than 500,000 employees.

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