EQT AB

This article is about the Swedish investment firm. For the American energy company, see EQT Corporation.

EQT AB

Headquarters at Regeringsgatan 25
Company type	Public
Traded as	Nasdaq Stockholm:  EQT
Industry	Investment management
Founded	1994;31 years ago (1994) in Sweden
Founder	Conni Jonsson
Headquarters	Regeringsgatan 25, Stockholm , Sweden
Key people	Conni Jonsson (chairman) Christian Sinding (CEO)
Revenue	€1.6 billion (2021) (company) [1]
AUM	€210 billion (2022)
Owners	Wallenberg family, Investor AB

EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity (EQT Private Capital Europe & North America), infrastructure (EQT Infrastructure), real estate (EQT Real Estate), growth equity, and venture capital in Europe, North America, and Asia Pacific. As of 2022 ^[update] , EQT's assets under management are €210 billion / US$227 billion. It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking.

History

The company was founded in 1994 by SEB, AEA Investors, and Investor AB. ^{[2] [3] [4]} Conni Jonsson was founding chairman. ^[5]

It established venture capital business, EQT Ventures in 2016, ^[6] and went public in 2019 by IPO. ^[7]

In 2021, EQT acquired Life Sciences Partners, a European venture capital firm with approximately €2.2 billion of assets under management ^[1] followed in 2022, by Baring Private Equity Asia managing funds of S$20.0 billion. ^[8]

In March 2023, EQT acquired the entire stake held by SK Square and the Macquarie Asset Management Consortium for about KRW 2 trillion, becoming the largest shareholder of SK Shields with a 68% stake. ^[9]

In February 2025, EQT appointed Per Franzén as its incoming chief executive, as of May 2025. ^[10]

Description, structure, and governance

EQT is owned by the Wallenberg family and Investor AB.^{[ citation needed ]}

Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, Asia Pacific, ^[11] including Oceania.

As of March 2025 ^[update] the firm and its associates have offices in Amsterdam, Berlin, Copenhagen, Helsinki, Hong Kong, London, Luxembourg, Madrid, Milan, Mumbai, Munich, New York City, Oslo, Paris, San Francisco, Seoul, Shanghai, Singapore, Stockholm, Sydney, Tokyo, and Zurich. ^[12]

As of March 2025 ^[update] EQT investment divisions are: ^[13]

• EQT Infrastructure ^[14]
• EQT Private Capital Europe & North America ^[15]
• EQT Real Estate ^[13]
• EQT Private Wealth ^[13]

It has two subsidiaries: EQT Ventures ^[6] and Baring Private Equity Asia. ^[8]

As of 2022 ^[update] Conni Jonsson is chair and Christian Sinding CEO. ^[16]

Assets and ranking

As of 2022 ^[update] , EQT's assets under management are €210 billion / US$227 billion. ^[17] It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking. ^[18]

Fund investments

• 2017, Medical device company Clinical Innovations from the Pritzker Group for US$250 million ^[19]
• 2019, SUSE for US$2.5 billion ^{[20] [21]}
• 2019, Zayo Group Holding Inc from Digital Colony Partners for US$14.3 billion ^[22]
• 2019, Part of a consortium with ADIA to acquire Nestlé Skin Health ^[23]
• 2019, Acumatica ^[24]
• 2019, German fiber-optic network provider Inexio for $1.1 billion ^[25]
• 2020, Spanish real estate website Idealista for €1.3 billion ^[26]
• 2020, Datacenter Provider Edge Connex was bought for $2.7 billion ^[27]
• 2021, Announced plans to acquire solar and storage developer Cypress Creek Renewables ^[28]
• 2021, purchased First Student and First Transit from FirstGroup ^[29]
• 2022, Australian retirement living portfolio from Stockland, renamed as Levande, for near $1b AUD ^[30] (EQT Infrastructure), with David Gonski appointed chair ^[31]
• In March 2022, EQT acquired BPEA with 5.3 billion euros worth of new EQT shares and 1.5 billion euros in cash paid to Bearing PEA. This gave it the rights of operators to manage the fund and the right to hold performance pay for existing funds. ^[32]
• 2023, Announced plans to acquire Zeus Company, a global leader in advanced polymer components used in life-saving medical procedures for $3.4 billion. ^[33]
• 2024, Renamed BPEA, which was previously acquired in 2022, to EQT Private Capital Asia. ^[34]
• 2024, Acquired digital consultancy firm Perficient for $1 billion all cash deal. The acquisition was completed in October 2024. ^[35]
• 2024, private equity consortium led by Neuberger Berman that includes EQT AB and Canada Pension Plan Investment Board agreed to buy international private school operator Nord Anglia Education for $14.5 billion. ^[36]
• 2024, 100% of the shares of OX2, a Stockholm based renewable energy development company ^[37]
• 2024, Acquired Indostar Home Finance which is an Indian affordable housing finance company, for $210 million and gave commitments of $59 million to support in future. ^[38]
• In January 2025, EQT signed a deal to acquire a best-in-class logistics collective strategically located in major Milan and Verona submarkets in northern Italy for approximately 230 million euros. ^[39]
• On March 19, 2025, EQT announced a deal to acquire Crown Castle's small cells business for $4.25 billion. ^[40]
• In March 2025, EQTAB acquired the consortium's Nord Anglia Education, valued at $14.5 billion. ^[41]
• In July 2025, EQT X acquired Adalvo. ^[42]
• In July 2025, EQT launched a tender offer to acquire an 85% stake in Fujitec, a Japanese elevator maker. ^[43]

References

2. "SEB Asset Management (Real Estate - Homepage)". IPE Reference Hub. 2 February 2015. Archived from the original on 24 February 2015. Retrieved 23 February 2015.
3. Nicholson, Chris V. (11 April 2011). "EQT Nurtures Companies It Buys, Defying Vulture Label" . The New York Times . Archived from the original on 12 April 2011.
4. Espinoza, Javier (7 March 2019). "EQT Co-Founder Leaves to Set Up Socially Responsible Fund" . Financial Times. Nikkei. Archived from the original on 21 September 2019. Retrieved 12 September 2019.
5. "Conni Jonsson". EQT. Archived from the original on 30 September 2022. Retrieved 15 October 2022.
6. Ewing, Adam (26 May 2016). "Buyout Fund EQT Starts $632 Million Venture Arm Targeting Europe". Bloomberg News . Archived from the original on 27 May 2016. Retrieved 3 March 2017.
7. "Inside private equity's race to go public". Financial Times . 10 January 2022. Retrieved 24 May 2022.
8. "EQT Buys Baring Asia Unit in $7.5 Billion Private-Equity Merger". www.wsj.com. Wall Street Journal. Archived from the original on 16 March 2022. Retrieved 4 November 2021.
9. "SK스퀘어·EQT, SK쉴더스 공동경영 선언 "SK쉴더스 글로벌 토털 보안 기업만든다"". n.news.naver.com (in Korean). Retrieved 6 January 2025.
10. Buyout firm EQT names Per Franzén chief executive Financial Times. (Subscription only)
11. "EQT Overview". PitchBook Data. 8 November 2021. Archived from the original on 8 November 2021. Retrieved 8 November 2021.
12. "Offices". EQT Group. 25 March 2025. Archived from the original on 10 March 2025. Retrieved 25 March 2025.
13. "About EQT". EQT Group. 25 March 2025. Retrieved 25 March 2025.
14. "EQT Infrastructure". EQT Group. 25 March 2025. Retrieved 25 March 2025.
15. "Private Capital Europe & North America". EQT Group. 25 March 2025. Retrieved 25 March 2025.
16. "Christian Sinding". EQT. Archived from the original on 30 September 2022. Retrieved 15 October 2022.
17. "EQT AB (Publ) Year-end Report 2022". 18 January 2023.
18. "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 3 June 2024. Retrieved 4 June 2024.
19. Jonathan D. Rockoff, "Private-Equity Group EQT to Buy Medical Device Company for $250 Million," Archived 16 September 2018 at the Wayback Machine The Wall Street Journal , 18 October 2017.
20. "EQT fund to acquire SUSE for $2.5bn". Financier Worldwide. Archived from the original on 6 December 2021. Retrieved 6 December 2021.
21. Ian Murphy (18 March 2019). "EQT completes aquisition [sic] of SUSE from Micro Focus". www.enterprisetimes.co.uk. Archived from the original on 6 August 2020. Retrieved 2 May 2020.
22. "Digital Colony, EQT to buy communications infrastructure firm Zayo for $8.2 billion in cash". CNBC . 8 May 2019. Archived from the original on 15 October 2022. Retrieved 10 November 2021.
23. "Nestlé enters into exclusive negotiations to sell Nestlé Skin Health to a consortium led by EQT and ADIA". Archived from the original on 2 October 2019. Retrieved 2 October 2019.
24. "IFS and Acumatica to form global cloud ERP powerhouse under EQT ownership". Acumatica Cloud ERP. Archived from the original on 15 October 2022. Retrieved 18 December 2019.
25. "EQT buys German fibre optic firm Inexio; source values deal around $1.1 billion". www.reuters.com. 28 September 2019. Archived from the original on 10 November 2021. Retrieved 10 November 2021.
26. "EQT buys Spain's Idealista from Apax for €1.3bn". Archived from the original on 10 November 2021. Retrieved 10 November 2021.
27. Zhang, Mary (19 August 2021). "EQT Infrastructure Doubles Down on EdgeConneX with Fund V". Dgtl Infra.
28. "EQT acquires solar and storage developer Cypress Creek Renewables". www.pv-tech.org. 5 July 2021. Archived from the original on 27 July 2021. Retrieved 27 July 2021.
29. "EQT Infrastructure Closes Acquisition of First Student and First Transit". First Student . 22 July 2021. Retrieved 6 June 2022.
30. McKeown, Sean (2 August 2022). "Levande launches following completion of Stockland Retirement Living acquisition". Inside Ageing. Retrieved 25 March 2025.
31. "Gonski chairs EQT's former Stockland retirement portfolio". August 2022. Archived from the original on 1 August 2022.
32. 기자, 강구귀. "[fn마켓워치]EQT AB, 베어링PEA 인수". n.news.naver.com (in Korean). Retrieved 6 January 2025.
33. "EQT Nears $3 Billion-Plus Deal for Medical Device Firm Zeus". Bloomberg.com. 18 December 2023. Retrieved 18 December 2023.
34. Nair, Kavitha (10 January 2023). "PE Digest: BPEA EQT changes name; CapitaLand acquires SG property". DealStreetAsia. Archived from the original on 2 March 2024. Retrieved 2 March 2024.
35. "EQT Completes Acquisition of Perficient". www.perficient.com. 2 October 2024. Retrieved 12 October 2024.
36. Chopping, Dominic (21 October 2024). "Neuberger Berman Forms Consortium With EQT to Buy Nord Anglia Education in $14.5 Billion Deal". The Wall Street Journal.
37. "EQT to successfully acquire OX2". Company Website. 8 October 2024.
38. "Sweden's EQT exceeds investment targets in India, doubles down on healthcare". 5 December 2024.
39. "EQT Real Estate acquires 12-building logistics assemblage located in key Northern Italian submarkets". eqtgroup.com. 27 January 2025. Retrieved 24 February 2025.
40. "Crown Castle to sell fiber assets to EQT Active Core and Zayo in $8.5 billion deal". Reuters. 13 March 2025. Retrieved 19 March 2025.
41. "EQT Consortium Completes Acquisition of Nord Anglia Education". eqtgroup.com. 20 March 2025. Retrieved 27 March 2025.
42. "EQT to acquire Adalvo". 25 July 2025.
43. "European investment firm EQT to take Japan's Fujitec private for $2.7 billion". Reuters. 30 July 2025. Retrieved 6 August 2025.

External links

• Official website