Apleona’s sticky business cements buyside approval for add-on
- Michal Skypala
- +Laura Thompson
German real estate services business Apleona is a market leader in the DACH region and its latest acquisition of facility manager Gegenbauer is only going to cement that position further. The resilient credit is coming to market for a small non-fungible add-on on the back of decent deleveraging, thanks to sticky contracts that are shielded from inflation. The company’s proposed business plan is underpinned by synergies that have helped convince the buyside of the clear rationale for the acquisition.