Efforts to begin the sale of facilities management company Apleona for up to €2 billion have begun by financial investor EQT.

As reported by Reuters, EQT has allegedly sent out information packages containing buying information to CBRE, JLL and Cushman & Wakefield, as well as private equity groups.

It’s also rumoured that an IPO for Apelona is also being considered for Summer 2021, organised by Deutche Bank and UBS.

Apleona is a leading European real estate and facility manager, based in Germany who employs over 20,000 people. It was formerly part of Bilfinger, but was purchased by EQT in a €1.4 billion deal in 2016.

Article written by Ella Tansley