Bain Capital Prepares Eleda IPO in Stockholm Amid Strong Nordic Infrastructure Demand
Bain Capital is preparing an initial public offering (IPO) for Eleda in Stockholm, reflecting high demand in the Nordic infrastructure sector. Rothschild & Co. is also advising on the potential listing, although discussions are still in the early stages and may change based on market conditions.
About Eleda
Headquartered in Stockholm, Eleda offers infrastructure services focused on the energy transition, digitalisation, transport, and water and sewage sectors. The company primarily operates within the Nordic region.
Ownership and Financial Background
- In 2023, Bain Capital acquired a controlling stake in Eleda from Altor.
- The deal was funded by a €765 million term loan and €795 million in equity contributed by Bain, Eleda's founders, and management.
- Altor retained a minority stake following the transaction.
Significance of the IPO
The planned IPO aims to help Bain Capital monetise one of its largest Nordic infrastructure investments amid ongoing investor interest in energy and digital infrastructure platforms.
If successful, this listing would represent a further step in Bain's broader European exit strategy, following several infrastructure-focused deals that have drawn significant attention from private equity and institutional investors.
"Rothschild & Co. has also been advising on the potential listing, though deliberations remain at an early stage and plans could change depending on market conditions."
"The planned IPO highlights Bain’s efforts to monetise one of its largest Nordic infrastructure investments amid sustained investor interest in energy and digital infrastructure platforms."
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Summary: Bain Capital is progressing with plans for an IPO of Eleda in Stockholm, reflecting strong investor demand in Nordic infrastructure and marking a key step in Bain's European exit strategy.