View source for EQT AB

{{short description|Swedish investment firm}}
{{About|the Swedish investment firm|the American energy company|EQT Corporation}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
| name = EQT AB
| logo = EQT_(Unternehmen)_logo.svg
| image = Trollhättan 30, nov 2019a.jpg
| image_size = 250px
| image_caption = Headquarters at Regeringsgatan 25
| type = [[Public company|Public]]<ref name="eqt21" />
| revenue = {{increase}}&nbsp;€1.6&nbsp;billion {{smaller|(2021) (company)}}<ref name="eqt21" />
| traded_as = {{OMX|SSE180864|EQT}}
| industry = [[Investment management]]<ref name="eqt21" />
| aum = {{increase}} €210&nbsp;billion {{smaller|(2022)}}<ref name="AUM">{{Cite web|url = https://news.cision.com/eqt/r/eqt-ab--publ--year-end-report-2022,c3699243| title=EQT AB (Publ) Year-end Report 2022}}</ref>
| founded = {{Start date|1994}} in [[Sweden]]<ref name="ft" />
| founder = Conni Jonsson<ref name="con">{{Cite web |url=https://eqtgroup.com/about/people/conni-jonsson |access-date=15 October 2022 |title=Conni Jonsson |website=EQT |archive-date=30 September 2022 |archive-url=https://web.archive.org/web/20220930031420/https://eqtgroup.com/about/people/conni-jonsson |url-status=live}}</ref>
| owners = [[Wallenberg family]], [[Investor AB]]
| hq_location = Regeringsgatan 25
| hq_location_city = [[Stockholm]]
| hq_location_country = Sweden
| key_people = {{ubl|Conni&nbsp;Jonsson ([[chairman]])<ref name="con" />|Christian&nbsp;Sinding ([[CEO]])<ref>{{Cite web |access-date=15 October 2022 |title=Christian Simding |website=EQT |url=https://eqtgroup.com/about/people/christian-sinding |archive-date=30 September 2022 |archive-url=https://web.archive.org/web/20220930031655/https://eqtgroup.com/about/people/christian-sinding |url-status=live}}</ref>}}
| services = [[Investment management]]<ref name="eqt21" />
| num_employees = 1,160<ref name="eqt21">{{Cite web|url=https://eqtgroup.com/news/2022/eqt-ab-publ-year-end-report-2021|title=EQT AB (publ) Year-end Report 2021|date=19 January 2022|website=EQT|access-date=15 October 2022|archive-date=29 September 2022|archive-url=https://web.archive.org/web/20220929010612/https://eqtgroup.com/news/2022/eqt-ab-publ-year-end-report-2021|url-status=live}}</ref>
| subsid = {{ubl|[[EQT Ventures]]<ref name="ven" />|[[BPEA EQT]]<ref name="sing" />}}
| website = {{URL|eqtgroup.com}}
}}
'''EQT AB''' is a Swedish global investment organization founded in 1994.<ref name="ft">{{cite news |last=Espinoza |first=Javier |title=EQT Co-Founder Leaves to Set Up Socially Responsible Fund |url=https://www.ft.com/content/a12eec3c-40f4-11e9-b896-fe36ec32aece |access-date=12 September 2019 |agency=Nikkei |publisher=[[Financial Times]] |date=7 March 2019 |url-access=subscription |archive-date=21 September 2019 |archive-url=https://web.archive.org/web/20190921123548/https://www.ft.com/content/a12eec3c-40f4-11e9-b896-fe36ec32aece |url-status=live}}</ref> Its funds invest in [[private equity]], [[infrastructure]], [[real estate]], [[growth equity]], and [[venture capital]] in [[Europe]], [[North America]], and [[Asia Pacific]].<ref>{{Cite web |url=https://pitchbook.com/profiles/investor/11177-92#overview |title=EQT Overview |date=8 November 2021 |access-date=8 November 2021 |work=PitchBook Data |archive-date=8 November 2021 |archive-url=https://web.archive.org/web/20211108050557/https://pitchbook.com/profiles/investor/11177-92#overview |url-status=live}}</ref>
{{As of|2022}}, EQT's [[assets under management]] are €210&nbsp;billion / US$227&nbsp;billion.<ref name="AUM" /> It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of [[Private Equity International|Private Equity International's]] PEI 300 ranking.<ref>{{Cite web |date=3 June 2024 |title=PEI 300 {{!}} The Largest Private Equity Firms in the World |url=https://www.privateequityinternational.com/pei-300/ |access-date=4 June 2024 |website=Private Equity International |language=en-GB}}</ref>
==Organization==
The company was founded in 1994 by [[SEB Group|SEB]], [[AEA Investors]], and [[Investor AB]].<ref>{{Cite web |url=http://realestate.ipe.com/news/investors/eqt-partners-steps-into-european-real-estate/10006504.fullarticle |title=SEB Asset Management (Real Estate - Homepage) |date=2 February 2015 |access-date=23 February 2015 |website=IPE Reference Hub |publisher=IPE Reference Hub |archive-date=24 February 2015 |archive-url=https://web.archive.org/web/20150224010212/http://realestate.ipe.com/news/investors/eqt-partners-steps-into-european-real-estate/10006504.fullarticle |url-status=live}}</ref><ref>{{cite news |title=EQT Nurtures Companies It Buys, Defying Vulture Label |first=Chris V. |last=Nicholson |date=11 April 2011 |newspaper=[[The New York Times]] |url=https://dealbook.nytimes.com/2011/04/11/eqt-nurtures-companies-it-buys-defying-vulture-label/ |access-date= |url-access=subscription |archive-url=https://web.archive.org/web/20110412131532/https://dealbook.nytimes.com/2011/04/11/eqt-nurtures-companies-it-buys-defying-vulture-label/ |archive-date=12 April 2011 |url-status=live}}</ref> It established [[venture capital]] business, [[EQT Ventures]] in 2016,<ref name="ven">{{Cite news |title=Buyout Fund EQT Starts $632 Million Venture Arm Targeting Europe |first=Adam |last=Ewing |date=26 May 2016 |work=[[Bloomberg News]] |url=https://www.bloomberg.com/news/articles/2016-05-26/buyout-fund-eqt-starts-632-million-venture-arm-targeting-europe |access-date=3 March 2017 |archive-url=https://web.archive.org/web/20160527163049/https://www.bloomberg.com/news/articles/2016-05-26/buyout-fund-eqt-starts-632-million-venture-arm-targeting-europe |archive-date=27 May 2016 |url-status=dead |url-access=subscription}}</ref> and went [[public company|public]] in 2019 by [[Initial public offering|IPO]].<ref>{{Cite news |title=Inside private equity's race to go public |first= |last= |date=10 January 2022 |work=[[Financial Times]] |url=https://www.ft.com/content/c8da614e-c2c8-4769-a302-1be39620f957 |access-date=24 May 2022}}</ref>
The firm and its associates have offices in [[Amsterdam]], [[Copenhagen]], [[Frankfurt]], [[Guernsey]], [[Helsinki]], [[Hong Kong]], [[London]], [[Luxembourg]], [[Madrid]], [[Milan]], [[Munich]], [[New York City|New York]], [[Oslo]], [[Shanghai]], [[Singapore]], [[Stockholm]], [[Warsaw]] and [[Zurich]].
In 2021, EQT acquired Life Sciences Partners, a European venture capital firm with approximately €2.2&nbsp;billion of [[assets under management]]<ref name="eqt21" /> followed in 2022, by [[Baring Private Equity Asia]] managing funds of [[Singapore dollar|S$]]20.0&nbsp;billion.<ref name="sing">{{Cite web |url=https://www.wsj.com/articles/eqt-buys-baring-asia-unit-in-7-5-billion-private-equity-merger-11647425829 |title=EQT Buys Baring Asia Unit in $7.5 Billion Private-Equity Merger |access-date=4 November 2021 |website=www.wsj.com |publisher=Wall Street Journal |archive-date=16 March 2022 |archive-url=https://web.archive.org/web/20220316102225/https://www.wsj.com/articles/eqt-buys-baring-asia-unit-in-7-5-billion-private-equity-merger-11647425829 |url-status=live}}</ref>
==Fund investments==
* 2017, Medical device company Clinical Innovations from the [[Pritzker family|Pritzker Group]] for US$250&nbsp;million<ref name="rockoff">Jonathan D. Rockoff, [https://www.wsj.com/articles/private-equity-group-eqt-to-buy-medical-device-company-for-250-million-1508320980?mod=searchresults&page=1&pos=4 "Private-Equity Group EQT to Buy Medical Device Company for $250 Million,"] {{Webarchive|url=https://web.archive.org/web/20180916022851/https://www.wsj.com/articles/private-equity-group-eqt-to-buy-medical-device-company-for-250-million-1508320980?mod=searchresults&page=1&pos=4 |date=16 September 2018 }} ''[[The Wall Street Journal]]'', 18 October 2017.</ref>
* 2019, [[SUSE S.A.|SUSE]] for US$2.5&nbsp;billion<ref>{{Cite web |title=EQT fund to acquire SUSE for $2.5bn |url=https://www.financierworldwide.com/eqt-fund-to-acquire-suse-for-25bn |access-date=6 December 2021 |website=Financier Worldwide |language=en-US |archive-date=6 December 2021 |archive-url=https://web.archive.org/web/20211206210312/https://www.financierworldwide.com/eqt-fund-to-acquire-suse-for-25bn |url-status=live}}</ref><ref name="SUSE acquired by EQT AB">{{cite web|url=https://www.enterprisetimes.co.uk/2019/03/18/eqt-completes-aquisition-of-suse-from-micro-focus/|title=EQT completes {{as written|aquis|ition [sic]}} of SUSE from Micro Focus|author=Ian Murphy|website=www.enterprisetimes.co.uk|date=18 March 2019|access-date=2 May 2020|archive-date=6 August 2020|archive-url=https://web.archive.org/web/20200806010808/https://www.enterprisetimes.co.uk/2019/03/18/eqt-completes-aquisition-of-suse-from-micro-focus/|url-status=live}}</ref>
* 2019, [[Zayo Group]] Holding Inc from Digital Colony Partners for US$14.3&nbsp;billion<ref>{{Cite web |url=https://www.cnbc.com/2019/05/08/communications-infrastructure-provider-zayo-agrees-to-14point3-billion-buyout-offer-from-investment-firms.html |title=Digital Colony, EQT to buy communications infrastructure firm Zayo for $8.2 billion in cash |website=[[CNBC]] |date=8 May 2019 |access-date=10 November 2021 |archive-date=15 October 2022 |archive-url=https://web.archive.org/web/20221015145932/https://www.cnbc.com/2019/05/08/communications-infrastructure-provider-zayo-agrees-to-14point3-billion-buyout-offer-from-investment-firms.html |url-status=live}}</ref>
* 2019, Part of a consortium with [[Abu Dhabi Investment Authority|ADIA]] to acquire [[Nestlé]] Skin Health<ref>{{Cite web|url=https://www.nestle.com/media/pressreleases/allpressreleases/nestle-skin-health-announcement-may-2019|title=Nestlé enters into exclusive negotiations to sell Nestlé Skin Health to a consortium led by EQT and ADIA|access-date=2 October 2019|archive-date=2 October 2019|archive-url=https://web.archive.org/web/20191002223406/https://www.nestle.com/media/pressreleases/allpressreleases/nestle-skin-health-announcement-may-2019|url-status=live}}</ref>
* 2019, [[Acumatica]]<ref>{{Cite news|url=https://www.acumatica.com/corporate-newsroom/press-releases/ifs-and-acumatica-to-form-global-cloud-erp-powerhouse-under-eqt-ownership/|title=IFS and Acumatica to form global cloud ERP powerhouse under EQT ownership|website=Acumatica Cloud ERP|language=en|access-date=18 December 2019|archive-date=15 October 2022|archive-url=https://web.archive.org/web/20221015145930/https://www.acumatica.com/corporate-newsroom/press-releases/ifs-and-acumatica-to-form-global-cloud-erp-powerhouse-under-eqt-ownership/|url-status=live}}</ref>
* 2019, German [[Fiber-optic communication|fiber-optic network]] provider Inexio for $1.1&nbsp;billion<ref>{{Cite news|url=https://www.reuters.com/article/us-inexio-m-a-eqt/eqt-buys-german-fibre-optic-firm-inexio-source-values-deal-around-1-1-billion-idUSKBN1WD096|title=EQT buys German fibre optic firm Inexio; source values deal around $1.1 billion|website=www.reuters.com|date=28 September 2019|access-date=10 November 2021|archive-date=10 November 2021|archive-url=https://web.archive.org/web/20211110220052/https://www.reuters.com/article/us-inexio-m-a-eqt/eqt-buys-german-fibre-optic-firm-inexio-source-values-deal-around-1-1-billion-idUSKBN1WD096|url-status=live}}</ref>
* 2020, Spanish [[real estate]] website Idealista for €1.3&nbsp;billion<ref>{{Cite web|url=https://www.penews.com/articles/eqt-buys-spains-idealista-from-apax-for-e1-3bn-20200910|title=EQT buys Spain's Idealista from Apax for €1.3bn|access-date=10 November 2021|archive-date=10 November 2021|archive-url=https://web.archive.org/web/20211110220811/https://www.penews.com/articles/eqt-buys-spains-idealista-from-apax-for-e1-3bn-20200910|url-status=live}}</ref>
* 2020, Datacenter Provider Edge Connex was bought for $2.7 billion<ref>{{cite web |last1=Zhang |first1=Mary |title=EQT Infrastructure Doubles Down on EdgeConneX with Fund V |url=https://dgtlinfra.com/eqt-infrastructure-edgeconnex-fund-v/ |website=Dgtl Infra |date=19 August 2021}}</ref>
* 2021, Announced plans to acquire [[Solar energy|solar]] and [[Energy storage|storage]] [[Real estate development|developer]] Cypress Creek Renewables<ref>{{Cite web |url=https://www.pv-tech.org/eqt-acquires-solar-and-storage-developer-cypress-creek-renewables/ |title=EQT acquires solar and storage developer Cypress Creek Renewables |website=www.pv-tech.org |date=5 July 2021 |access-date=27 July 2021 |archive-date=27 July 2021 |archive-url=https://web.archive.org/web/20210727180255/https://www.pv-tech.org/eqt-acquires-solar-and-storage-developer-cypress-creek-renewables/ |url-status=live}}</ref>
* 2021, purchased [[First Student]] and [[First Transit]] from [[FirstGroup]]<ref>{{Cite web |date=2021-07-22 |title=EQT Infrastructure Closes Acquisition of First Student and First Transit |url=https://firststudentinc.com/resources/newsroom/eqt-infrastructure-closes-acquisition-of-first-student-and-first-transit/ |access-date=2022-06-06 |website=[[First Student]]|language=en-US}}</ref>
* 2022, Australian retirement living portfolio from [[Stockland]], renamed as Levande, for near $1b AUD <ref>{{Cite web | date=2024-09-15 | url=https://insideageing.com.au/levande-launches-following-completion-of-stockland-retirement-living-acquisition/ | title=Levande launches following completion of Stockland Retirement Living acquisition}}</ref>
* 2023, Announced plans to acquire Zeus Company, a global leader in advanced polymer components used in life-saving medical procedures for $3.4&nbsp;billion.<ref>{{Cite news |date=18 December 2023 |title=EQT Nears $3 Billion-Plus Deal for Medical Device Firm Zeus |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2023-12-18/eqt-nears-3-billion-plus-deal-for-medical-device-firm-zeus |access-date=18 December 2023}}</ref>
* 2024, Acquired digital consultancy firm [[Perficient]] for $1 billion all cash deal. The acquisition was completed in October 2024.<ref>{{Cite web |date=2024-10-02 |title=EQT Completes Acquisition of Perficient |url=https://www.perficient.com/news-room/news-releases/2024/eqt-completes-acquisition-of-perficient |access-date=2024-10-12 |website=www.perficient.com |language=en}}</ref>
* 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.<ref>{{Cite news |last=Chopping |first=Dominic |date=October 21, 2024 |title=Neuberger Berman Forms Consortium With EQT to Buy Nord Anglia Education in $14.5 Billion Deal |url=https://www.wsj.com/business/deals/neuberger-berman-forms-consortium-with-eqt-to-buy-nord-anglia-education-in-14-5-billion-deal-73c9ff76 |work=The Wall Street Journal}}</ref>
* 2024, 100% of the shares of OX2, a Stockholm based renewable energy development company <ref>{{Cite news | date=October 8, 2024 |title=EQT to successfully acquire OX2 |url=https://eqtgroup.com/news/2024/eqt-to-successfully-acquire-ox2-one-of-europe-s-leading-renewable-energy-developers/ |work=Company Website}}</ref>
==References==
{{Reflist}}
==External links==
* {{Official website|eqtgroup.com/}}
{{Private equity and venture capital}}
{{Largest private equity firms}}
[[Category:Companies based in Stockholm]]
[[Category:Companies related to the Wallenberg family]]
[[Category:Financial services companies established in 1994]]
[[Category:Private equity firms of Sweden]]
[[Category:Swedish companies established in 1994]]