EQT Partners

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EQT Partners
investment company
Industry Private Equity
Founded 1994
Headquarters Stockholm, Sweden
Key people
Conni Jonsson, Managing Partner at EQT Partners
Products Investments, private equity funds
Total assets 22 billion
Number of employees
220
Parent Investor AB
Website www.eqt.se

EQT is a Swedish private equity group of 17 funds with EUR 22 billion in raised capital. Together with a network of industrial advisors, the firm invests in 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.[1]

The company was founded in 1994 by SEB Asset management, Investor AB, and US-based AEA Investors.[2] EQT Partners is the investment advisor to all the group's funds. It has more than 220 employees, of whom 120 are investment professionals. The firm and its affiliates have offices in Amsterdam, Copenhagen, Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and Zurich. The group has invested more than EUR 11 billion in around 100 companies and exited close to 50.

In 2013, EQT Partners purchased Synagro, a sludge and human waste biosolids hauling company based in the U.S. after Carlyle group took Synagro private in 2007, but failed to turn Synagro around. Synagro entered bBankruptcy for missing debt payments and failing to service its heavy debt load.[3] Carlyle purchased Synagro for $772MM, but EQT Partners purchased the defunct company for $455MM, netting Carlyle a loss of over $317MM.

In July 2014, EQT Partners purchased Bureau van Dijk, a leading global publisher of private company information and corporate ownership structures, from Charterhouse Capital Partners backed by 845 million-euro equivalent leveraged loan financing.[4] The acquisition of BvD marks EQT’s intensified commitment to investing in the Benelux region. In May 2014, EQT Partners together with Germany's Strüngmann family had purchased a hearing aid division of the Siemens ADR for 2.15 billion euros ($2.69 billion).[5]

References[edit]

  1. ^ "Investment by Industry". ETQ. 'ETQ'. 2015-02-23. Retrieved 2015-02-23. 
  2. ^ "SEB Asset Management (Real Estate - Homepage)". IPE Reference Hub. 'IPE Reference Hub'. 2015-02-02. Retrieved 2015-02-23. 
  3. ^ "Synagro bankrupt". Reuters. 24 April 2013. 
  4. ^ "EQT BvD buyout backed with 845 mln euros of loans". Reuters. 29 July 2014. 
  5. ^ Shankar, Sneha (2014-10-06). "Siemens To Sell Hearing Aid Business For $2.69B To EQT Partners And Strüngmann Family". 'International Business Times'. Retrieved 2015-02-23.