Year Founded: 1994
AUM: $120.4B | Dry Powder: $37B
Regeringsgatan 25, 111 53 Stockholm, Sweden
Headquartered in Sweden, EQT is a private equity firm that 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
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Christian Sinding
CEO & Managing Partner
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Christina Drews
Chief Operating Officer
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Kim Henriksson
Chief Financial Officer
Investment Preferences
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Preferred Industries
NA
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Geographical Preference
Asia, Central America, Europe, North America, Oceania
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Preferred Deal Types
Buyout/LBO, Early-Stage VC, Later Stage VC, Mezzanine, PE Growth/Expansion
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Other Investment Preferences
Long-Term Investor, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Will syndicate
Investments By Year
Funds Closed
Size: $2.4B
Dry Powder: $1.6B
Details: The fund targets global business products & services, SaaS and Web3 industries etc. and seeks to invest in minimum 40 companies
Size: $18.1B
Dry Powder: $10.8B
Details: The fund Invests in the energy, digital, transport, logistics, and social infrastructure sectors
Size: $18.5B
Dry Powder: $2.6B
Details: The fund invests in the TMT, healthcare, and B2B sectors
Investments By Industry
Investments By Region
Key Investments
In March 2023, EQT Active Core Infrastructure acquired an 82.1% stake in Tion Renewables for $161 million. Tion Renewables has a diverse portfolio of utility-scale solar, wind, and battery storage assets with an installed capacity of 167MW across the EU and the UK, with additional solar, wind, and battery storage projects in its pipeline
In December 2022, EQT, through its EQT Infrastructure VI fund, acquired Madison Energy Investments (MEI) 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. MEI is a developer and operator of energy generation projects intended to unlock the clean energy asset class to institutional investors
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 February 2022, InstaVolt, a provider of electric vehicle charging infrastructure entered into a definitive agreement to be acquired by EQT through an LBO, for an undisclosed amount. The investment will be used to accelerate the roll-out of charge points to reach a comprehensive network of 10,000 rapid electric vehicle chargers in the UK by 2032
In November 2021, Solarpack Corporación Tecnológica, a vertically-integrated, independent solar PV power producer was acquired by EQT through a €821 million public-to-private LBO
In October 2021, Cypress Creek Renewables, a developer of solar energy facilities was acquired by EQT through an LBO for an undisclosed amount. The investment will support the company’s continued growth and strategic vision through development pipeline execution, fleet optimization and expansion and scaling of the operations and maintenance services business
In January 2020, EQT and Singapore’s state investment firm Temasek Holdings Pte. jointly set up O2 Power, a $500 million renewable energy platform in India. O2 Power targets more than 4GW of installed capacity across solar and wind projects, comprising both greenfield projects, as well as mergers and acquisitions. EQT invested in this platform through its EQT Infrastructure IV fund
In February 2019, EQT Infrastructure acquired Kodiak Gas Services, LLC from The Stephens Group, LLC, a private investment firm representing the interests of Witt Stephens, Jr. and Elizabeth Campbell. Kodiak is a privately held contract compression business providing critical compression equipment in the US
Other Details
EQT currently has €113 billion in assets under management within two business segments – Private Capital and Real Assets. EQT’s Private Capital comprises 7 business lines: Private Equity, Ventures, Future, Life Sciences, Growth, Public Value and BPEA EQT. The Real Assets’ business segment comprises 3 business lines: Value-Add Infrastructure, Active Core Infrastructure and Exeter.
EQT has 1,200 employees, of whom 326 are within the Investment Advisory teams. It has offices in 23 countries across Europe, APAC and the Americas. The company’s latest open fund EQT X Co-Investment is a co-investment fund managed by EQT. The fund is located in Luxembourg, Luxembourg.
Abu Dhabi Investment Authority, Accent Equity, AEA Investors, Anticimex International, Ardian, Banking Circle, BNP Paribas, BIP Capital Partners, Capvis, Crescent Capital Group, Cubera Private Equity, DigitalBridge Group, Fisher Lynch Capital, Goldman Sachs Asset Management, Intermediate Capital Group, ISS World Services, IVC Evidensia, Sjätte AP-fonden, TA Associates Management, Volito, Willoughby Capital are some of the co-investors who invest alongside EQT.
Source: Pitchbook, Company Website, Press Release