EQT Partners
EQT Partners
Investment company
IndustryPrivate Equity
Founded1994 (1994)
HeadquartersStockholm, Sweden
Key people
Conni Jonsson - Chairman
ProductsInvestments, private equity funds
Number of employees
540
ParentInvestor AB
Websitewww.eqt.se

EQT is a Swedish private equity group of 27 funds with EUR 50 billion in raised capital.[1] Together with a network of industrial advisors, the firm invests in private equity, mid market, infrastructure and credit in Nordic countries, DACH, Greater China and North America, with a focus in industrials, consumer goods, technology, media and telecommunications, health care and services.[2]

History

The company was founded in 1994 by SEB, AEA Investors, and Investor AB, the holding company of the Wallenberg family.[3][4] EQT Partners is the investment advisor to all the group's funds. It has around 540 employees, of which approximately 330 are within the investment advisory teams. The firm and its affiliates have offices in Amsterdam, Copenhagen, Frankfurt, Guernsey, Helsinki, Hong Kong, London, Luxembourg, Madrid, Munich, New York, Oslo, Shanghai, Singapore, Stockholm and Zurich. The group has invested more than EUR 50 billion in around 210 companies and exited around 105.[5]

In May 2016, EQT announced the formation of a 566M Euro venture capital arm, called EQT Ventures.[6]

In February 2018, EQT secured 10.8 billion euros ($13.3 billion) for its eighth fund. This amount surpassed the firm's target of 8 billion euros and was greater than its seventh fund, which closed in 2015 with 6.75 billion euros.[7]

Notable investments

In October 2017, EQT purchased medical device company Clinical Innovations from the Pritzker Group for $250 million.[8]

In July 2018, EQT purchased SUSE Linux for 2.5 billion USD. The non-profit arm of the corporation that develops openSUSE will continue to act independently from the stockholders in the corporation.[9]

References

  1. ^ "Fast facts - EQT". www.eqtpartners.com. Retrieved .
  2. ^ "Investment by Industry". ETQ. 'ETQ'. 2015-02-23. Retrieved .
  3. ^ "SEB Asset Management (Real Estate - Homepage)". IPE Reference Hub. 'IPE Reference Hub'. 2015-02-02. Retrieved .
  4. ^ Chris V. Nicholson, "EQT Nurtures Companies It Buys, Defying Vulture Label," The New York Times, April 11, 2011.
  5. ^ "Fast facts - EQT". www.eqtpartners.com. Retrieved .
  6. ^ "Buyout Fund EQT Starts $632 Million Venture Arm Targeting Europe". Bloomberg.com. 2016-05-26. Retrieved .
  7. ^ Sarah Syed, "EQT Collects $13.3 Billion for Its Largest-Ever Buyout Fund," Bloomberg News, February 22, 2018.
  8. ^ Jonathan D. Rockoff, "Private-Equity Group EQT to Buy Medical Device Company for $250 Million," The Wall Street Journal, October 18, 2017.
  9. ^ "[opensuse-project] SUSE to be acquired by EQT Partners". lists.opensuse.org. Retrieved .

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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