Macquarie Asset Management has entered into an agreement to purchase 100% ownership of Danish O&M provider Ziton.
Macquarie European Infrastructure Fund 7, advised by Macquarie Asset Management, has entered into a share purchase agreement with funds advised by Permira Credit and other existing shareholders to acquire all issued and outstanding shares of Zappy TopCo ApS and its wholly-owned subsidiary Ziton A/S.
Completion of the deal is anticipated by December 2024 or the first quarter of 2025, subject to regulatory approvals, at which time Macquarie will obtain 100% ownership of Ziton.
“It is a major validation of Ziton that Macquarie has decided to invest in the company,” said Ziton chief executive Thorsten Jalk.
“It shows that we have built a great company with a strong market position, good relationships to our customers and some of the best people in the industry.
“This is another major step to develop Ziton 2.0 – we will continue our journey.”