EQT is a global investment organization, started on 1994, dedicated to investing in, developing and owning, companies across multiple geographies, sectors and strategies. 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.
History
The company was founded in 1994 by SEB, AEA Investors, and Investor AB, the holding company of the Wallenberg family. EQT AB Group is the investment advisor to all the group's funds. It has around 650 employees, of which approximately 330 are within the investment advisory teams. The firm and its affiliates have offices in Amsterdam, Copenhagen, Frankfurt, Helsinki, Hong Kong, London, Luxembourg, Madrid, Munich, Milan, New York, Oslo, Shanghai, Singapore, Stockholm and Zurich. The group has invested more than EUR 62 billion in around 210 companies and exited around 105. In May 2016, EQT announced the formation of a 566M Euroventure capital arm, called EQT Ventures. In February 2018, EQT secured 10.8 billion euros 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.
Notable investments
In October 2017, EQT acquired medical device company Clinical Innovations from the Pritzker Group for $250 million. In July 2018, EQT acquired SUSE 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. In May 2019, EQT and affiliates of Digital Colony Partners signed a definitive merger agreement to acquire Zayo Group Holding Inc., which provides mission-critical bandwidth to the world's most impactful companies. In May 2019, consortium led by EQT and ADIA enters exclusive negotiations to acquire skincare company Nestlé Skin Health. In June 2019, EQT partners acquired Acumatica. In September 2019, EQT acquired Inexio, a leading provider of fiber-optic internet access in Germany.