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Year Founded: 1994

AUM: $830.73B | Dry Powder: $3.06B

Regeringsgatan 25, 111 53 Stockholm, Sweden
EQT is a private equity firm based in Stockholm, Sweden. The firm prefers to invest in growth-stage companies through buyouts. The firm also prefers to invest in early-stage and later-stage companies through venture capital investments in Europe, Asia, Oceania, North America, and Central America

Key Contacts

  • Christian Sinding
    CEO & Managing Partner
  • Kim Henriksson
    Chief Financial Officer & Member of the Executive Committee
  • Caspar Callerström

Investment Preferences

  • Preferred Industries
  • Geographical Preference
    Asia, Central America, Europe, North America, Oceania
  • Preferred Deal Types
    Buyout/LBO, Early-Stage VC, Later Stage VC, Mezzanine, PE Growth/Expansion
  • Other Investment Preferences
    • Long-Term Investor
    • Prefers majority stake
    • Prefers minority stake
    • Seeks ESG investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

EQT Infrastructure V
Vintage: 2021

Size: $18.1B

Dry Powder: $9.9B

Details: Invests within the energy, digital, transport, logistics, and social infrastructure sectors

Vintage: 2020

Size: $18.5B

Dry Powder: $3.5B

Details: Invests in companies across the TMT, healthcare, industrials and B2B products and services sectors

EQT Infrastructure Fund IV
Vintage: 2018

Size: $10.3B

Dry Powder: $2.2B

Details: Invests in energy, logistics etc. & infrastructure asset preferences are renewable energy, social service, telecommunications

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2022, EQT through its EQT Infrastructure VI fund acquired Madison Energy Investments from affiliates of Stonepeak Partners LP. EQT Infrastructure will support the MEI management team and platform by providing access to growth capital to accelerate the deployment of distributed solar and storage assets

In September 2022, EQT AB owned Solarpack signed an agreement to acquire compatriot and peer Solaer Holding SL. Financial details were not disclosed. Solaer Holding SL has a 2.8GW pipeline of solar projects in Spain and Italy

In November 2021, EQT acquired equity stakes in Solarpack Corporacion Tecnologica S.A., a vertically integrated developer and IPP focused on utility scale solar PV projects for EUR821 million. Solarpack has developed and built approximately 1.3GW across eight countries, mainly in Spain, Chile and India, out of which 450MW are owned and operated by the company

In July 2021, EQT Infrastructure agreed to acquire Covanta Holding Corporation, an owner and operator of Waste-to-Energy facilities in North America. The acquisition was valued at $5.3 billion. Covanta has 41 Waste to Energy facilities strategically located in key metropolitan areas across the US, Canada and Europe. The company converts approximately 21 million tons of waste into sustainable, reliable electricity and produces 10TWh of baseload electricity and 600k tons of recycled metals per year

In July 2021, EQT through its EQT Infrastructure V fund, agreed to acquire Cypress Creek Renewables an integrated renewable energy platform in the US. Cypress Creek is a solar and storage energy company that develops, owns, and operates projects throughout the US. The company currently operates across 25 states, with 1.6GW of operating assets

In June 2021, EQT Infrastructure V fund, through special purpose company Veleta BidCo Sarl, announced a voluntary takeover bid of €26.50 in cash for each Solarpack share, which makes the total deal value at €881.2 million. Solarpack is a Spanish renewable energy developer and owner of solar PV plants. The company is mainly active in Spain, Chile and India. EQT Infrastructure has signed irrevocable agreements with the vendor shareholders to sell their full stake of 51 % in the context of the takeover bid

In May 2021, EQT through its EQT Mid Market Europe fund has acquired a 15% minority stake in DESOTEC, a European environmental services company. DESOTEC is a Belgium-based company that provides mobile filtration solutions for a broad range of industrial applications through a unique closed-loop service model

In January 2020, the EQT Infrastructure IV fund and Temasek launched O2 Power, a renewable energy platform in India. O2 Power targets over 4GW of installed capacity across solar and wind and has received total commitments of $500 million in equity from EQT and Temasek to be deployed over the coming years

Other Details

EQT’s Infrastructure division seeks to identify investment opportunities in medium-sized infrastructure businesses with potential for operational value creation in the Nordic region, Continental Europe and North America. The firm has 1,669 employees and has offices in 16 countries across Europe, APAC and North America. The firm has around $118.71 billion in assets under management

EQT Infrastructure Fund V is an infrastructure core fund managed by EQT. The fund is located in Stockholm, Sweden. The fund targets investments within the energy, transport, logistics, environmental, digital, and social infrastructure sectors

Abac Capital, ABRY Partners, AcadeMedia, Accent Equity, Adamo Telecom Iberia, Adven, Advent International, AEA Investors, Alba, Alecta Pensionsforsakring, Aleris Holdings, Anticimex are some of the institutional investors in EQT’s funds

Source: Company Website, Pitchbook, Ambientasqr, Noticiasaominuto