Anticimex AB Acquisition, Valuation, Funding & Investors

Anticimex AB was acquired by EQT, Interogo Holding AG, Alecta, GIC, AMF and Melker Schörling for $7B in June 2021, a 7.1x multiple on $996M of revenue.

Anticimex AB acquisition price

$7B

Acquired by EQT, Interogo Holding AG +4 · Jun 2021

Anticimex AB revenue at acquisition

$996M

Last twelve months · Jun 2021

Anticimex AB revenue multiple at acquisition

7.1x

EV/Revenue · Jun 2021

Key investors in Anticimex AB

  • GIC
  • AMF
  • Melker Schörling
  • AP6
  • Cubera

Anticimex AB Overview

About Anticimex AB

Anticimex is a Swedish pest control group headquartered in Stockholm that offers preventive pest control, food safety, moisture control, building inspection and fire protection services. It was founded in 1934 and operates in more than 20 countries with about 12,000 employees. Its Anticimex SMART offering uses connected devices to monitor pests around the clock for commercial and residential customers. The group grew mainly through acquisitions after EQT bought it from Ratos in 2012, adding ISS's pest control businesses in twelve countries in 2013 and many local operators in Europe, North America, Asia and Latin America since. EQT's longer-hold strategy acquired control in 2021 alongside Melker Schorling, GIC, AMF, Interogo Holding and Alecta, at an enterprise value of SEK 60 billion. The company reported total revenues of SEK 17.1 billion for its latest financial year.


Founded

1934

HQ

SwedenStockholm

Status

Acquired

Customer focus

B2B & B2C

Revenue model

Services

Revenue

$857M (Dec 2019)

Valuation

$4B (Dec 2019)

Anticimex AB Acquisition

Anticimex AB was acquired by EQT, Interogo Holding AG, Alecta, GIC, AMF and Melker Schörling for $7B on 8 June 2021.

The acquisition price implies a 7.1x revenue multiple on $996M of revenue.

On 8 June 2021 EQT announced that its newly launched longer-hold strategy, later formalised as the EQT Future fund, had agreed to acquire pest control group Anticimex from the EQT VI fund. The transaction was struck at an enterprise value of SEK 60 billion. The investment was made alongside a group of long-term co-investors: Melker Schorling AB, which became the second largest shareho

Anticimex AB acquisition details
AcquirerDateTypePriceEV/Revenue
  • EQT
  • Interogo Holding AG
  • Alecta
  • GIC
  • AMF
  • Melker Schörling
8 Jun 2021PE buyout$7B7.1x

Sources: eqtgroup.com, eqtgroup.com, eqtgroup.com, en.wikipedia.org

Anticimex AB Valuation

Anticimex AB is currently valued at $4B, based on its secondary sale in December 2019. Read the announcement ↗

The round included Melker Schörling.

Anticimex AB's valuation has grown 1.5x from $2.7B at its secondary sale in October 2017 to $4B in December 2019, across 3 priced rounds.

Anticimex AB valuation by funding round

Revenue multiple
Anticimex AB valuation by funding round
DateStageValuationRevenue Multiple
Dec 2019Secondary$4B4.7x
Nov 2019Undisclosed stage$4.4B5.3x
Oct 2017Secondary$2.7B-

Anticimex AB Revenue

Anticimex AB's latest recorded revenue is $857M, as of its secondary sale in December 2019. At a $4B valuation, that implies a 4.7x revenue multiple.

Revenue grew from $840M in November 2019 to $857M in December 2019, while the revenue multiple moved from 5.3x to 4.7x.

Anticimex AB revenue by funding round

Anticimex AB revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2019$857M$4B4.7xSecondary
Nov 2019$840M$4.4B5.3xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Anticimex AB Funding History

Anticimex AB has raised 1 funding round, plus 2 secondary share sales.

Anticimex AB funding rounds
DateStageInvestorsValuationDeal Summary
Dec 2019SecondaryMelker Schörling$4BOn 18 December 2019 Melker Schörling AB, the holding company of the Swedish industrialist Melker Schörling, agreed with EQT to indirectly purchase a minority stake in Anticimex. The seller was the EQT VI fund, which retained control, and the transaction valued Anticimex at approximately EUR 3.6 billion, the same valuation and a similar stake size as the sale to GIC a month earlier. The transaction was expected to be completed in the first quarter of 2020. Schörling said it intended to be a long-term partner in the international expansion of Anticimex and to increase its ownership gradually over the coming years. In June 2021 it raised its holding from about 10 per cent to about 20 per cent when EQT's longer-hold strategy acquired Anticimex. Anticimex is a Stockholm-based pest control group that offers preventive and digital pest control services to commercial and residential customers.
Nov 2019Undisclosed stageGIC (lead)$4.4BAnticimex AB is a global pest control company that has grown significantly through acquisitive expansion and organic growth in digital pest control solutions. The company operates across multiple markets with strong positions in Europe and North America, utilizing advanced technology platforms including SMART devices for pest monitoring and control. In November 2019, the EQT VI fund announced the sale of a 9.9% stake in Anticimex to GIC (Government of Singapore Investment Corporation), a large institutional investor, in a transaction valuing the company at approximately EUR 3.6 billion. GIC acquired the same mix of instruments as EQT held, with the transaction expected to close in Q4 2019. The partnership was designed to internationalize the shareholder base and accelerate expansion in Asia, where GIC brings deep investment expertise. During EQT's ownership period prior to the GIC investment, Anticimex had nearly quadrupled its revenues and increased operating earnings by six times. For the 2019 fiscal year, Anticimex reported revenue of nearly SEK 8.0 billion (approximately 750 million EUR), driven by strong acquisitive growth from 37 acquisitions coupled with 4% organic growth. Operational EBITA increased 35% in 2019 through direct efficiency improvements, acquisition synergies, and margin expansion across 18 of its 20 operating platforms. The installed base of SMART pest control devices reached approximately 132,000 units, representing a 50% compound annual growth rate since 2015, reflecting the company's digital transformation strategy. The company's customer base includes approximately 90% commercial sector clients such as hotels, restaurants, and construction firms in the Asia-Pacific region, with nearly 1,700 employees in that region out of more than 7,000 globally. Additional investors alongside EQT and GIC include Swedish pension funds and institutional investors such as Alecta, AMF, and AP6, as well as Swedish billionaire Melker Schorling's investment vehicle.
Oct 2017SecondaryCubera; AP6; AMF$2.7BAMF invested SEK 1.5 billion in the pest control group Anticimex by buying shares from EQT's sixth fund, which sold about 19 per cent of the company to a group of minority investors that also included Sjatte AP-fonden, Volito and Cubera. The transaction valued Anticimex at roughly EUR 2.3 billion, or about SEK 22 billion, and left EQT as majority owner. AMF has since remained a roughly ten per cent shareholder and describes Anticimex as one of the more mature businesses in its unlisted portfolio.

Who has invested in Anticimex AB?

5 investors have backed Anticimex AB across its funding rounds, including GIC, AMF, Melker Schörling, AP6 and Cubera.

Lead investors include GIC.


Anticimex AB Investors

Investors in Anticimex AB by funding rounds participated
InvestorHQRoundsRoleFirst check
Melker SchörlingSwedenStockholm1ParticipantDec 2019
CuberaNorwayOslo1ParticipantOct 2017
GICSingaporeSingapore1LeadNov 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Anticimex AB

Anticimex AB has acquired 12 companies to date.

Last acquisition by Anticimex AB was on June 16th 2025. Anticimex AB acquired Metro Guard Termite & Pest Control for undisclosed valuation.


Latest Acquisitions by Anticimex AB

Metro Guard Termite & Pest Control
SafeHaven Pest Control
Abby’s Pest & Termite Services
Corky's Pest Control
Description
Metro Guard Termite & Pest Control is a pest management company providing termite treatments, roach extermination, mosquito control, and rodent removal services. Based in Dallas, Texas, it operates across North Texas with integrated pest management plans using EPA-approved products. The firm protects residential and commercial properties including apartments and restaurants year-round.
SafeHaven Pest Control is a provider of extermination services targeting termites, bed bugs, rodents, and mosquitoes in residential and commercial properties. The company deploys integrated pest management techniques including baiting stations, fumigation, and heat treatments across the southeastern United States. SafeHaven Pest Control operates from bases in Florida and Georgia, offering preventive maintenance contracts and emergency response.
Abby’s Pest & Termite Services is a family-owned pest control company based in Central Florida, delivering integrated pest management for homes, businesses, and schools. Services encompass termite inspections using Sentricon bait systems, general pest exclusions with perimeter treatments, mosquito fogging, and rodent control through trapping and sealing. Certified technicians follow EPA guidelines and provide warranties on treatments across counties like Orange and Seminole.
Corky's Pest Control is a pest management company headquartered in San Marcos, California. Harry Corky Mizer founded it in 1967 and it grew into a firm with operations throughout San Diego and Los Angeles. Anticimex described it as a fast-growing pest management firm when it acquired the business. Since the acquisition Corky's has formed part of the Southern California platform of Anticimex North America. Mizer said that with Anticimex he knew he had a partner he could trust, and Bill Talon, president of Anticimex North America, said the companies would continue to grow together in California. The company serves customers in the San Diego and Los Angeles areas.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Dallas, TX
Dallas, TX
-
San Marcos
Deal Date16 Jun 202516 Jun 202516 Jun 20254 Nov 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Anticimex AB

Anticimex AB has invested in 1 company to date.

Latest investment by Anticimex AB was on January 1st 2015. Anticimex AB invested in WiseCon in their Strategic investment round.


Latest Investments by Anticimex AB

WiseCon
Description
WiseCon is a Danish company that offers advanced digital traps and monitoring systems against pests. Its devices let pest control operators follow activity at a customer site remotely instead of visiting each trap on a fixed schedule. Anticimex acquired a 20 percent stake in WiseCon in January 2015 and the remaining 80 percent of the shares in April 2017, after which the company was fully owned by Anticimex. The two investments gave Anticimex direct access to digital monitoring technology for the preventive pest control service that it markets to commercial and residential customers. The Anticimex history page lists both transactions among the milestones of the group in 2015 and 2017.
HQ CountryDenmark
HQ City
Helsinge
Deal Date1 Jan 2015
RoundStrategic investment
Raisedundisclosed
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Anticimex AB Competitors

Anticimex AB competitors include listed companies like ISS World, Brookfield Business Corp, Elis and HD Hyundai Marine, and private ones like MB2 Dental Solutions and Foundever.

Public and private companies comparable to Anticimex AB
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ISS WorldDenmarkDenmarkPublicly listed$13B$815M$6.8B0.7x
Brookfield Business CorpCanadaCanadaPublicly listed$27B$6.6B$6.1B7.7x
ElisFranceFrancePublicly listed$5.4B$1.9B$6B1.9x
HD Hyundai MarineSouth KoreaSouth KoreaPublicly listed$1.5B$261M$5.3B2.8x
MB2 Dental SolutionsUnited StatesDallas, TXPrivate-$300M$3.5B-
FoundeverUnited StatesMiami, FLPrivate--$3.2B-

Anticimex AB Public Comps

Anticimex AB is no longer listed, but its public comps include ISS World, Brookfield Business Corp, Elis, HD Hyundai Marine, Alliance Laundry Systems, UniFirst, Sodexo, Wuchan Zhongda Group Co, MITIE Group and Madison Air.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ISS World$13B$815M0.7x0.7x11.3x9.7x
Brookfield Business Corp$27B$6.6B1.6x7.7x6.5x18.2x
Elis$5.4B$1.9B2.0x1.9x5.9x5.4x
HD Hyundai Marine$1.5B$261M3.4x2.8x18.9x16.7x
Alliance Laundry Systems$1.7B$382M3.6x3.5x16.3x13.3x
UniFirst$2.5B$277M1.6x1.6x15.0x12.4x
Sodexo$27B$1.1B0.5x0.5x12.2x9.2x
Wuchan Zhongda Group Co$90B$1.5B0.1x0.1x8.2x7.1x

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Common questions about Anticimex AB

When was Anticimex AB founded?Anticimex AB was founded in 1934.
Where is Anticimex AB headquartered?Anticimex AB is headquartered in Stockholm, Sweden.
Is Anticimex AB publicly listed?No, Anticimex AB was acquired by EQT, Interogo Holding AG, Alecta and 3 other investors in June 2021.
Who acquired Anticimex AB?Anticimex AB was acquired by EQT, Interogo Holding AG, Alecta, GIC, AMF and Melker Schörling in June 2021.
How much was Anticimex AB acquired for?Anticimex AB was acquired for $7B in June 2021, a 7.1x revenue multiple.
What is Anticimex AB's valuation?Anticimex AB was last valued at $4B in its secondary sale in December 2019.
What was Anticimex AB's last funding round?Anticimex AB's last funding round was a undisclosed-stage round in November 2019, led by GIC.
Who are Anticimex AB's investors?Anticimex AB's investors include Melker Schörling, Cubera, GIC, AP6 and AMF.
What is Anticimex AB's revenue?Anticimex AB's latest recorded revenue is $857M (December 2019).
What is Anticimex AB's revenue multiple?Anticimex AB's latest valuation implies a 4.7x revenue multiple ($4B valuation on $857M of revenue).
Which companies are comparable to Anticimex AB?Companies comparable to Anticimex AB include ISS World, Brookfield Business Corp, Elis, HD Hyundai Marine, MB2 Dental Solutions and Foundever.
How many companies has Anticimex AB acquired?Anticimex AB has acquired 12 companies, including Metro Guard Termite & Pest Control, SafeHaven Pest Control, Abby’s Pest & Termite Services, Corky's Pest Control and Pestokill.
What was the largest acquisition by Anticimex AB?The $347M acquisition of ISS Pest Control in March 2013 is the largest acquisition Anticimex AB has made to date.
How many companies has Anticimex AB invested in?Anticimex AB has invested in 1 company, including WiseCon.
What was Anticimex AB's last investment?In January 2015, Anticimex AB invested in WiseCon's strategic investment round.

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