Bain Capital acquires Apleona to drive growth in European facility management

Apleona, a European provider of integrated facility management (FM) based in Neu-Isenburg near Frankfurt, has approved its acquisition by Bain Capital, one of the world’s top private investment firms. The deal sees Bain Capital take over from private equity firm PAI Partners, marking a new chapter in Apleona’s expansion and strategic growth.

With a strong technical expertise and an international footprint, Apleona is well-positioned to provide high-quality, innovative building services to both regional clients and large, cross-border portfolios. The company is also responding to the growing demand for ESG solutions, energy efficiency, and CO2 reduction in building management.

Under PAI’s ownership, Apleona achieved significant growth, reaching a record turnover of €4 billion in 2024. The company has been expanding its European platform while advancing its digital transformation, focusing on data-driven and AI-powered HVAC control systems and predictive maintenance solutions. Apleona’s growth strategy has been bolstered by 14 successful acquisitions, including the 2023 takeover of the Gegenbauer Group.

Dr. Jochen Keysberg, CEO of Apleona, expressed gratitude to PAI Partners for their support since 2021 and welcomed Bain Capital’s investment. He stated that with Bain Capital as the new owner, Apleona will continue to operate independently and further develop its role as a leader in integrated facility management. He emphasized the company’s commitment to expanding its service portfolio through acquisitions and investing in AI, digital solutions, and automation to enhance customer benefits.

Photo: Dr. Jochen Keysberg, CEO of Apleona
Dr. Michael Siefke, Partner & Chair of Private Equity in Europe at Bain Capital, highlighted the firm’s strategic interest in Apleona. He noted that Apleona has become a market leader in facility management in Europe and demonstrated remarkable progress. Bain Capital aims to support its next growth phase, particularly in decarbonizing buildings, leveraging the firm’s global resources and industry expertise.

Ralph Heuwing, Partner & Head of DACH at PAI Partners, reflected on the company’s transformation under their ownership. He stated that PAI is proud to have played a role in Apleona’s growth over the past four years. He acknowledged that the company has built a strong European platform, an extensive service portfolio, and a leadership position in sustainability and decarbonization. He expressed confidence that Apleona is well-positioned for continued success.

The acquisition is still subject to antitrust and regulatory approvals before finalization. Once completed, Bain Capital’s involvement is expected to accelerate Apleona’s growth, reinforcing its standing as Europe’s premier integrated facility management provider.