EQT Partners

Last updated

EQT AB Group
Company type Public company [1]
Nasdaq Stockholm:  EQT
Industry Investment management [1]
Founded1994 (1994) in Sweden [2]
FounderConni Jonsson [3]
HeadquartersRegeringsgatan 25,
Stockholm
,
Sweden
Key people
Services Investment management [1]
RevenueIncrease2.svg €1.6 billion (2021) (company) [1]
AUM Increase2.svg €210 billion (2022) [5]
Owners Wallenberg family, Investor AB
Number of employees
1,160 [1]
Subsidiaries
Website eqtgroup.com

EQT is a Swedish global investment organization founded in 1994. [2] Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. [8]

Contents

As of 2022, EQT's assets under management are €210 billion / US$227 billion. [5] It is ranked the third largest private equity firm worldwide based on funds raised. [9]

Organization

The company was founded in 1994 by SEB, AEA Investors, and Investor AB. [10] [11] It established venture capital business, EQT Ventures in 2016, [6] and went public in 2019 by IPO. [12]

The firm and its associates have offices in Amsterdam, Copenhagen, Frankfurt, Guernsey, Helsinki, Hong Kong, London, Luxembourg, Madrid, Milan, Munich, New York, Oslo, Shanghai, Singapore, Stockholm, Warsaw and Zurich.

As of 2019, EQT had a 50.01% share in investment company Piolin BidCo, together with the two minority shareholders Alba Europe and Miles Capital. [13]

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. [7]

Fund investments

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing that is provided by firms or funds to startup, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. The firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.

<span class="mw-page-title-main">Providence Equity</span> American global private equity investment firm

Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989.

Bain Capital, LP is an American private investment firm based in Boston, Massachusetts. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2022, the firm managed approximately $165 billion of investor capital. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London, and Singapore.

<span class="mw-page-title-main">SUSE</span> Open-source software company

SUSE is a Luxembourgish multinational open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for enterprise. It is the developer of SUSE Linux Enterprise and the primary sponsor of the community-supported openSUSE Linux distribution project. While the openSUSE "Tumbleweed" variation is an upstream distribution for both the "Leap" variation and SUSE Linux Enterprise distribution, its branded "Leap" variation is part of a direct upgrade path to the enterprise version, which effectively makes openSUSE Leap a non-commercial version of its enterprise product.

<span class="mw-page-title-main">The Adecco Group</span> Swiss multinational human resource consulting company

The Adecco Group is a Swiss–French company based in Zurich, Switzerland. It is the world's second largest Human Resources provider and temporary staffing firm, and a Fortune Global 500 company.

<span class="mw-page-title-main">CVC Capital Partners</span> British private equity and investment advisory firm

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately US$155 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

<span class="mw-page-title-main">Coller Capital</span> British investor firm in the private equity secondary market

Coller Capital is one of the largest global investors in the private equity secondary market ("secondaries"). It was founded in 1990 by the UK-based investor and philanthropist Jeremy Coller.

Micro Focus International plc was a British multinational software and information technology business based in Newbury, Berkshire, England. The firm provided software and consultancy. The company was listed on the London Stock Exchange and the New York Stock Exchange until it was acquired by the Canadian software firm OpenText in January 2023.

<span class="mw-page-title-main">Thoma Bravo</span> American private equity firm

Thoma Bravo, LP, is an American private equity and growth capital firm based in Chicago. It is known for being particularly active in acquiring enterprise software companies and has over $130 billion in assets under management as of 2023.

Acumatica provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Kirkland, Washington, in the Seattle metropolitan area.

<span class="mw-page-title-main">IFS AB</span> Software company

IFS AB is a multinational enterprise software company headquartered in Linköping, Sweden. The company develops and delivers AI driven enterprise cloud software for companies worldwide who want to differentiate on service. IFS has over 5,500 employees in more than 80 countries

<span class="mw-page-title-main">Vista Equity Partners</span> American investment firm

Vista Equity Partners is an American private equity firm that invests in software, data, and technology-enabled businesses. With over $100 billion in AUM, it is one of the largest private equity firms in the world. Vista Equity Partners has invested in hundreds of technology companies, including Citrix, SentinelOne, and Marketo, and has achieved many accolades in the space, most recently being named as 2023's Global Technology Private Equity Firm of the Year by Private Equity International.

<span class="mw-page-title-main">The Attachmate Group</span> Defunct software holding company

The Attachmate Group, Inc. was a privately held software holding company based in Houston, Texas in the United States. The major companies held by the group were Attachmate, NetIQ, Novell, and SUSE.

<span class="mw-page-title-main">Zayo Group</span> American communications company

Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks. The company completed an initial public offering of stock raising $600 million in 2014. In 2020, Zayo Group was taken private by global investment firms EQT Partners and Digital Colony Partners in a deal valued at $14.3 billion.

Derm101 was an online and mobile resource for physicians and healthcare professionals to learn the diagnosis and treatment of dermatologic diseases. The resource includes online textbooks, interactive quizzes, peer-reviewed open access dermatology journals, a dermatologic surgery video library, case studies, thousands of clinical photographs and photomicrographs of skin diseases, and mobile applications.

EQT Private Capital Asia (formerly known as Baring Private Equity Asia, BPEA and BPEA EQT) is an Asian investment firm headquartered in Hong Kong. It was founded in 1997 as an affiliate of Barings Bank before becoming an independent firm in 2000. In 2022, it was acquired by EQT Partners to act as its Asian investment platform. EQT Private Capital Asia is one of the largest private equity firms in Asia.

<span class="mw-page-title-main">Rockpoint Group</span> Private equity real estate firm based in Boston

The Rockpoint Group (Rockpoint) is an American private equity real estate firm headquartered in Boston.

References

  1. 1 2 3 4 5 6 "EQT AB (publ) Year-end Report 2021". EQT. 19 January 2022. Archived from the original on 29 September 2022. Retrieved 15 October 2022.
  2. 1 2 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.
  3. 1 2 "Conni Jonsson". EQT. Archived from the original on 30 September 2022. Retrieved 15 October 2022.
  4. ↑ "Christian Simding". EQT. Archived from the original on 30 September 2022. Retrieved 15 October 2022.
  5. 1 2 "EQT AB (Publ) Year-end Report 2022".
  6. 1 2 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. 1 2 "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.
  8. ↑ "EQT Overview". PitchBook Data. 8 November 2021. Archived from the original on 8 November 2021. Retrieved 8 November 2021.
  9. ↑ "PEI 300 | The Largest Private Equity Firms in the World". Private Equity International. 1 June 2023. Retrieved 2 June 2023.
  10. ↑ "SEB Asset Management (Real Estate - Homepage)". IPE Reference Hub. IPE Reference Hub. 2 February 2015. Archived from the original on 24 February 2015. Retrieved 23 February 2015.
  11. ↑ 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.
  12. ↑ "Inside private equity's race to go public". Financial Times . 10 January 2022. Retrieved 24 May 2022.
  13. ↑ Piolin BidCo se hace con el 13,08% de Parques Reunidos tras adquirir otros 47 millones de euros en acciones. vozpopuli, 26 July 2019.
  14. ↑ 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.
  15. ↑ "EQT fund to acquire SUSE for $2.5bn". Financier Worldwide. Archived from the original on 6 December 2021. Retrieved 6 December 2021.
  16. ↑ 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.
  17. ↑ "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.
  18. ↑ "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.
  19. ↑ "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.
  20. ↑ "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.
  21. ↑ "EQT buys Spain's Idealista from Apax for €1.3bn". Archived from the original on 10 November 2021. Retrieved 10 November 2021.
  22. ↑ Zhang, Mary (19 August 2021). "EQT Infrastructure Doubles Down on EdgeConneX with Fund V". Dgtl Infra.
  23. ↑ "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.
  24. ↑ "EQT Nears $3 Billion-Plus Deal for Medical Device Firm Zeus". Bloomberg.com. 18 December 2023. Retrieved 18 December 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.