Clifford Chance advises Cinven and Novo Holdings

Clifford Chance has advised global private equity firm Cinven and co investor Novo Holdings on the disposal of Envirotainer to EQT and Mubadala. Headquartered in Sweden, Envirotainer is a global provider of temperature-controlled air cargo containers for the global pharmaceutical supply chain. The Enterprise Value of the transaction is approximately €2.8 billion. Novo Holdings is a co investor with Cinven, and Law firm Vinge advised on the Swedish aspects of the deal.

Clifford Chance originally advised Cinven, alongside Vinge, on its acquisition of Envirotainer in 2018, and has supported Cinven throughout the lifecycle of its investment. Cinven’s investment in Envirotainer has generated significant investment in R&D and innovation, international expansion, digitalisation, as well as other initiatives to drive its strong performance.

The cross-border Clifford Chance team was led by the private equity team comprised of partners Christopher Sullivan and Oliver Marcuse, associate James Alao and Trainee Sophie Thomas. Partner Richard Day advised on the bidders’ financing packages and Partner Sue Hinchcliffe provided Antitrust support. A range of other global offices and practice areas including in London, New York and Sydney provided specialist advice on the due diligence process.