Since EQT’s first acquisition in 1995, the average annual growth in the EQT Equity funds' portfolio companies has been 11%, the number of employees has increased by 12% and earnings by 17%.
Today, EQT consists of 16 private equity funds active in buyouts, equity related growth financing and infrastructure with approximately EUR 20 billion of committed capital. EQT has invested more than EUR 11 billion in around 100 companies and exited close to 50.
EQT is a group of leading private equity funds with investments in
Northern and Eastern Europe, Asia and the US. Activities focus on
buyouts, growth financing and infrastructure. In our view, the funds
have a unique industrial approach. EQT has raised approximately EUR 20
billion since its establishment and invested more than EUR 11 billion
in around 100 companies and exited close to 50.
EQT’s strategic vision is to provide the most successful investment organization and network of industrialists in those markets in which the funds operate by combining entrepreneurship, industrial thinking and financial discipline. The funds invest in companies in which EQT can act as a catalyst for change and growth and to transform companies into global or regional leaders by making genuine and sustainable improvements.
The approach of the Equity, Expansion Capital and Infrastructure funds is to acquire or finance high-quality, market-leading, medium-sized companies in growth industries with a potential for top-line growth and to contribute to their industrial acceleration.
All EQT funds are advised by EQT Partners. EQT Partners has around 230 employees in 11 countries, of which around 120 are investment professionals with a broad industrial and financial background. EQT Partners has offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, London, Munich, New York, Oslo, Shanghai, Singapore, Stockholm, Warsaw and Zurich.
EQT’s strategic vision is to provide the most successful investment organization and network of industrialists in those markets in which the funds operate by combining entrepreneurship, industrial thinking and financial discipline. The funds invest in companies in which EQT can act as a catalyst for change and growth and to transform companies into global or regional leaders by making genuine and sustainable improvements.
The approach of the Equity, Expansion Capital and Infrastructure funds is to acquire or finance high-quality, market-leading, medium-sized companies in growth industries with a potential for top-line growth and to contribute to their industrial acceleration.
All EQT funds are advised by EQT Partners. EQT Partners has around 230 employees in 11 countries, of which around 120 are investment professionals with a broad industrial and financial background. EQT Partners has offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, London, Munich, New York, Oslo, Shanghai, Singapore, Stockholm, Warsaw and Zurich.
EQT has invested in a wide range of companies and made a large
number of successful divestments. EQT’s success is based on its
value-building process of industrial acceleration, creating sustainable
value and attractive risk-adjusted returns on investments.
More than 75% of the value created in the companies sold in the EQT funds can be attributed to operational improvements and top-line growth. Some examples of key measures:
Before becoming owners, EQT ensures that the management shares EQT's view on how to move the company forward. Consensus on strategic direction is a prerequisite, since a cornerstone in the ownership model is to retain and partner with management to transform the companies in which EQT invests.
More than 75% of the value created in the companies sold in the EQT funds can be attributed to operational improvements and top-line growth. Some examples of key measures:
- Sales growth – increasing sales through organic growth and acquisitions
- Operational excellence, improving margins and efficiency – increased efficiency and profitability. We install state-of-the-art benchmarking and assessment methods
- Strategic repositioning – utilizing changing industry dynamics, investing in future technologies and divesting non-core businesses, to create a strong base for rapid expansion
- Market and production expansion – targeting new customer groups or broadening the product offering which could mean new products in existing categories or applying a proven technology to new product categories or uses
- Internationalization – key benefi t of EQT ownership, given our extensive international network
- Bolt-on acquisitions – expanding the company step-by-
step by acquiring competitors or companies with similar or
complementary products, technologies or market presence - Optimizing capital structure – creating efficient capital structures and,
ultimately, prepare the improved company for sale to its potential owner
Before becoming owners, EQT ensures that the management shares EQT's view on how to move the company forward. Consensus on strategic direction is a prerequisite, since a cornerstone in the ownership model is to retain and partner with management to transform the companies in which EQT invests.
EQT’s values provide the foundation for everything the funds do – it
is the cornerstone of all business. EQT Partners, advisor to all EQT
funds, share these values:
- Entrepreneurial – we are innovative, action-oriented and have a sense of urgency about driving change
- Industrial – we have a long-term view on value creation by taking an industrial approach to our business
- High performing – we give people responsibility and freedom to act and base evaluation on performance
- Ambitious – we believe that good enough is never good enough – there is always room for improvement
- Informal – we are non-hierarchical and transparent – everyone is encouraged and expected to speak their mind
- Respectful – we act with integrity and have respect for each other and our business partners in everything we do
Private equity is an alternative asset class, generally
comprising equity investments in unlisted companies. It plays a vital
role in growing companies in many countries and industries.
The money invested is normally derived from a pooled fund of longterm institutional investors, such as pension funds, endowments, banks or insurance companies. As with many alternative asset classes, private equity strives for a high absolute return for investors, with limited correlation to the public equity market or other security markets. Private equity usually provides medium- to long-term committed
capital, which helps companies to grow and become successful to the benefi t of all stakeholders.
There are three principal styles to private equity investing:
There are three ways for a private equity fund to exit an investment:
The money invested is normally derived from a pooled fund of longterm institutional investors, such as pension funds, endowments, banks or insurance companies. As with many alternative asset classes, private equity strives for a high absolute return for investors, with limited correlation to the public equity market or other security markets. Private equity usually provides medium- to long-term committed
capital, which helps companies to grow and become successful to the benefi t of all stakeholders.
There are three principal styles to private equity investing:
- Expansion Capital helps companies grow. They may need help to finance a new factory, a rapid geographic expansion or to develop new product lines.
- Buyout means acquiring a controlling interest in a more mature company. The acquisition often entails a complete change in ownership and applying new strategies to add value to the company.
- Special Situations involve investment in a distressed company, or a company that faces special challenges.
There are three ways for a private equity fund to exit an investment:
- IPO (Initial Public Offering), floating part of or the whole company on a public stock exchange. The private equity fund often stays on as a substantial owner for a period of time.
- Trade Sale in which the company is sold to an industrial buyer.
- Secondary Sale in which the company is sold to another financial investor.
EQT manages four Equity funds with a focus on the Nordic
region, German-speaking Europe and CEE with commitments totalling nearly
EUR 14 billion: EQT III, EQT IV, EQT V and EQT VI.
The Equity funds realize their business concept by acquiring and developing high-quality, market leading, medium-sized to large companies in attractive industries. The funds preferably make controlling or co-controlling equity investments in companies with strong market positions that:
EQT IV and EQT V are closed for new investments. Earlier Equity funds (EQT I, EQT II, EQT Finland and EQT Danmark) have realized all their investments.
The Equity funds realize their business concept by acquiring and developing high-quality, market leading, medium-sized to large companies in attractive industries. The funds preferably make controlling or co-controlling equity investments in companies with strong market positions that:
- have a significant potential for top-line and earnings growth,
- have a strong cash flow,
- have a solid platform in a proven management team that can retain or
attract high-quality management, - EQT will be able to make a controlling investment in,
- operate in industries that are consolidating or changing and
- demonstrate well-defined realization alternatives.
EQT IV and EQT V are closed for new investments. Earlier Equity funds (EQT I, EQT II, EQT Finland and EQT Danmark) have realized all their investments.
Greater China makes control or co-control investments in
high-quality, medium-sized companies that are seeking industrial
competence for further growth.
EQT Greater China II was launched in 2006 with commitments of around USD 535 million and targets control or co-control investments in the Greater China and Southeast Asia regions. The investments are typically made in privately-owned, medium-sized companies where the entrepreneur needs help to embark on the next level of the company’s development.
The targeted companies are in attractive and growing industries where the accumulated competence of the EQT Industrial Network in developing similar companies in more mature markets is leveraged. The typical investment size ranges between USD 20 million and USD 100 million.
EQT Greater China II is active with commitments available for new investments.
EQT Greater China II was launched in 2006 with commitments of around USD 535 million and targets control or co-control investments in the Greater China and Southeast Asia regions. The investments are typically made in privately-owned, medium-sized companies where the entrepreneur needs help to embark on the next level of the company’s development.
The targeted companies are in attractive and growing industries where the accumulated competence of the EQT Industrial Network in developing similar companies in more mature markets is leveraged. The typical investment size ranges between USD 20 million and USD 100 million.
EQT Greater China II is active with commitments available for new investments.
EQT currently manages one Infrastructure Fund which was launched in 2008 with capital commitments of EUR 1.2 billion.
A well functioning infrastructure with a high level of service is one of the cornerstones in every developed economy. EQT Infrastructure Fund was launched in 2008 to meet the demand for new and more efficiently managed infrastructure.
The Fund will primarily invest in the Nordic region, parts of Continental Europe and North America. Main focus is existing infrastructure but new projects and public-private-partnerships are also of interest. Investments are financed with equity from the fund and external debt financing from traditional lenders. Potential sectors are power generation, electricity and gas networks, airports, rail transportation, ports, storage, waste, parking facilities, telecommunication towers and infrastructure-related services.
Experienced Team
The Fund is advised by an experienced team. The Fund is also supported by an advisory committee and a network of highly experienced and qualified industrialists in the infrastructure sector. The Fund can make infrastructure investments of more than EUR 5 billion, with each separate investment amounting to between EUR 100 million and EUR 1 billion in transaction value. The Fund’s objective with its infrastructure investments is to develop, grow and improve the infrastructure in order to make it more efficient, more accessible and in the end more valuable to all stakeholders. This typically involves further investment in order to expand services and increase volume.
EQT Infrastructure Fund is advised by a dedicated team with cumulative experience of over 135 infrastructure transactions with an aggregate transaction value of over EUR 65 billion. The Fund acts independently from EQT Equity, EQT Opportunity, EQT Expansion and EQT Greater China.
EQT Infrastructure is active, with commitments available for new investments.
A well functioning infrastructure with a high level of service is one of the cornerstones in every developed economy. EQT Infrastructure Fund was launched in 2008 to meet the demand for new and more efficiently managed infrastructure.
The Fund will primarily invest in the Nordic region, parts of Continental Europe and North America. Main focus is existing infrastructure but new projects and public-private-partnerships are also of interest. Investments are financed with equity from the fund and external debt financing from traditional lenders. Potential sectors are power generation, electricity and gas networks, airports, rail transportation, ports, storage, waste, parking facilities, telecommunication towers and infrastructure-related services.
Experienced Team
The Fund is advised by an experienced team. The Fund is also supported by an advisory committee and a network of highly experienced and qualified industrialists in the infrastructure sector. The Fund can make infrastructure investments of more than EUR 5 billion, with each separate investment amounting to between EUR 100 million and EUR 1 billion in transaction value. The Fund’s objective with its infrastructure investments is to develop, grow and improve the infrastructure in order to make it more efficient, more accessible and in the end more valuable to all stakeholders. This typically involves further investment in order to expand services and increase volume.
EQT Infrastructure Fund is advised by a dedicated team with cumulative experience of over 135 infrastructure transactions with an aggregate transaction value of over EUR 65 billion. The Fund acts independently from EQT Equity, EQT Opportunity, EQT Expansion and EQT Greater China.
EQT Infrastructure is active, with commitments available for new investments.
EQT Expansion Capital manages approx. EUR 663 million in two funds: EQT Expansion Capital I and II.
The core investment focus of EQT Expansion Capital is on mid-market companies:
EQT Expansion Capital I is fully invested and EQT Expansion Capital II is active, with commitments available for new investments.
The core investment focus of EQT Expansion Capital is on mid-market companies:
- with an established market position
- with a clear growth perspective
- in need of equity capital to accelerate growth
- where owners like to continue driving the development of the company
- where owners do not want to exit when the fund realizes returns
EQT Expansion Capital I is fully invested and EQT Expansion Capital II is active, with commitments available for new investments.
EQT Credit held its final close in December 2010 with total
commitments of EUR 350 million. The fund will primarily invest in the
debt of operationally sound but over-leveraged mid-sized European
companies and seeks to be a mid to long-term investor. The fund has the
flexibility to make investments in the secondary market as well as by
providing new funds where traditional sources of capital are unable to
provide a satisfactory solution for stakeholders.
It is anticipated that the thorough diligence-oriented approach taken by EQT Credit and support from EQT’s network of industrial advisors will provide the fund with an advantage in investment selection.
The fund has made investments in approximately 20 companies since its first closing in December 2009.
It is anticipated that the thorough diligence-oriented approach taken by EQT Credit and support from EQT’s network of industrial advisors will provide the fund with an advantage in investment selection.
The fund has made investments in approximately 20 companies since its first closing in December 2009.
The EQT Opportunity Fund was launched in 2005 with a
committed capital of EUR 372 million, and closed prematurely for new
investments in 2010. The Fund’s investment focus was on medium-sized
companies in Northern Europe that have a sound underlying business and a
clear value creation potential, but also face problems that require
special expertise to resolve. The Fund made seven investments.
Austria
| EQT VI | Sep 2012 | |
Company
FundBulgaria/Macedonia
| EQT V | Oct 2009 | |
Denmark
| EQT IV | May 2005 | |
| EQT IV | May 2005 | |
| EQT III | May 2005 | |
| EQT Infrastructure | Jun 2010 | |
| EQT VI | Jan 2013 | |
Finland
| EQT Infrastructure | Jan 2012 | |
| EQT IV | Apr 2005 | |
| EQT VI | Oct 2012 | |
Germany
| EQT VI | Aug 2012 | |
| EQT III | Mar 2005 | |
| EQT V | Apr 2007 | |
| EQT Expansion Capital II | May 2012 | |
| EQT Expansion Capital II | Aug 2010 | |
| EQT V | Feb 2008 | |
| EQT Expansion Capital II | Mar 2008 | |
| EQT V | Feb 2010 | |
| EQT Expansion Capital II | Jun 2011 | |
Greater China
| EQT Greater China II | Mar 2010 | |
| EQT Greater China II | Sep 2008 | |
| EQT Greater China II | Dec 2010 | |
| EQT Greater China II | May 2007 | |
| EQT Greater China II | Dec 2010 | |
Netherlands
| EQT Infrastructure | Oct 2011 | |
| EQT Infrastructure | Feb 2011 | |
Nordics
| EQT Expansion Capital II | Jul 2011 | |
Norway
| EQT VI | Feb 2012 | |
| EQT V | Jan 2011 | |
| EQT Infrastructure | Nov 2012 | |
| EQT V | Jul 2010 | |
Poland
| EQT V | Dec 2009 | |
Singapore
| EQT Greater China II | Jan 2011 | |
| EQT Greater China II | Mar 2012 | |
Spain
| EQT Infrastructure | Jul 2011 | |
Sweden
| EQT V | Jul 2010 | |
| EQT VI | Jul 2012 | |
| EQT VI | Sep 2011 | |
| EQT Expansion Capital I | Feb 2008 | |
| EQT V | May 2011 | |
| EQT IV | Jun 2006 | |
| EQT Opportunity | Aug 2008 | |
| EQT Expansion Capital I | Apr 2005 | |
| EQT III | Mar 2005 | |
| EQT V | Apr 2007 | |
| EQT Infrastructure | Feb 2010 | |
| EQT Opportunity | May 2008 | |
Switzerland
| EQT Expansion Capital II | Sep 2008 | |
| EQT Expansion Capital II | Jul 2012 | |
Taiwan
| EQT Greater China II | Feb 2011 | |
UK
| EQT Expansion Capital I | Jul 2006 | |
| EQT IV | Jun 2006 | |
USA
| EQT Infrastructure | Aug 2011 | |
| EQT Infrastructure | May 2011 | |
| EQT Infrastructure | Feb 2013 | |
EQT Partners has organized its operation into business lines corresponding to the investment focus of the funds advised:
EQT Equity – The business line is advisor to all EQT Equity funds. The funds invest in high-quality, market-leading, medium-sized to large companies in growing industries in the Nordic region, German-speaking Europe, Central and Easter Europe (CEE) and Greater China with a potential for top-line growth.
EQT Greater China – The business line is advisor to the EQT Greater China Fund. The Fund makes control or co-control investments in high-quality market-leading, medium-sized companies in attractive industries in Greater China and Southeast Asia with a potential for top-line growth.
EQT Expansion Capital – The business line is advisor to the EQT Expansion Capital funds. The funds provide flexible finance solutions in a variety of situations including LBOs led by private equity sponsors, acquisitions by strategic investors, expansion capital or restructuring of the shareholder group.
EQT Infrastructure – The business line is advisor to the EQT Infrastructure Fund. The Fund will invest primarily in existing infrastructure in Northern and Eastern Europe but will also have the flexibility to invest globally. Potential investment targets are basic infrastructure, concession-based infrastructure, social infrastructure, and infrastructure-related services.
EQT Credit – EQT Partners AB and its subsidiaries act as the investment advisor to EQT Credit. The fund will primarily invest in the debt of operationally sound but over-leveraged mid-sized European companies and seeks to be a mid to long-term investor. The fund has the flexibility to make investments in the secondary market as well as by providing new funds where traditional sources of capital are unable to provide a satisfactory solution for stakeholders.
EQT Equity – The business line is advisor to all EQT Equity funds. The funds invest in high-quality, market-leading, medium-sized to large companies in growing industries in the Nordic region, German-speaking Europe, Central and Easter Europe (CEE) and Greater China with a potential for top-line growth.
EQT Greater China – The business line is advisor to the EQT Greater China Fund. The Fund makes control or co-control investments in high-quality market-leading, medium-sized companies in attractive industries in Greater China and Southeast Asia with a potential for top-line growth.
EQT Expansion Capital – The business line is advisor to the EQT Expansion Capital funds. The funds provide flexible finance solutions in a variety of situations including LBOs led by private equity sponsors, acquisitions by strategic investors, expansion capital or restructuring of the shareholder group.
EQT Infrastructure – The business line is advisor to the EQT Infrastructure Fund. The Fund will invest primarily in existing infrastructure in Northern and Eastern Europe but will also have the flexibility to invest globally. Potential investment targets are basic infrastructure, concession-based infrastructure, social infrastructure, and infrastructure-related services.
EQT Credit – EQT Partners AB and its subsidiaries act as the investment advisor to EQT Credit. The fund will primarily invest in the debt of operationally sound but over-leveraged mid-sized European companies and seeks to be a mid to long-term investor. The fund has the flexibility to make investments in the secondary market as well as by providing new funds where traditional sources of capital are unable to provide a satisfactory solution for stakeholders.
The EQT Partners team consists of approximately 220
employees, of which approximately 120 are professionals.
EQT Partners professionals represent a wide range of industrial and
financial experience from different regions of the world. The team
reflects the belief that diversity stimulates and improves creativity.
Please find below more information on all professionals at EQT Partners.
| Equity | Associate | Finland | |
| Infrastructure | Director | Finland | |
| Equity | Partner | Germany | |
| Equity | Director | Switzerland | |
| Infrastructure | Head of EQT Infrastructure / Partner | Switzerland | |
| Infrastructure | Director | Finland | |
| Expansion Capital | Associate | Denmark | |
| Equity | Partner | Germany | |
| Infrastructure | Associate | USA | |
| Equity | Partner | Sweden | |
| Greater China | Partner | Greater China | |
| Equity | Partner | Poland | |
| Infrastructure | Partner | USA | |
| Expansion Capital | Director | Sweden | |
| Credit | Associate | UK | |
| Equity | Director | Denmark | |
| Equity | Director | Germany | |
| Equity | Associate | Sweden | |
| Credit | Director | UK | |
| Infrastructure | Director | Germany | |
| Expansion Capital | Director | Germany | |
| Expansion Capital | Associate | Germany | |
| Equity | Partner | Germany | |
| Equity | Associate | Switzerland | |
| Greater China | Director | Greater China | |
| Expansion Capital | Partner | Germany | |
| Equity | Director | Norway | |
| Infrastructure | Partner | Sweden | |
| Greater China | Partner | Singapore | |
| Equity | Director | Denmark | |
| Equity | Director | Germany | |
| Equity/Opportunity | Director | Sweden | |
| Equity | Associate | Denmark | |
| Infrastructure | Associate | USA | |
| Equity | Director | Sweden | |
| Equity | Associate | Norway | |
| Equity | Director | Norway | |
| Greater China | Associate | Greater China | |
| Infrastructure | Director | Sweden | |
| Equity | Director | Denmark | |
| Infrastructure | Partner | Germany | |
| Equity | Partner | Denmark | |
| Credit | Associate | UK | |
| Equity | Associate | Denmark | |
| Equity | Associate | Sweden | |
| Equity | Associate | Germany | |
| Credit | Director | UK | |
| Equity | Associate | Norway | |
| Managing Partner | Sweden | ||
| Equity/Opportunity | Partner | Sweden | |
| Equity | Associate | Poland | |
| Equity | Associate | Sweden | |
| Expansion Capital | Director | Germany | |
| Expansion Capital | Associate | Sweden | |
| Equity | Partner | Sweden | |
| Equity | Director | Germany | |
| Greater China | Director | Greater China | |
| Credit | Partner | UK | |
| Equity | Director | Finland | |
| Equity | Director | Finland | |
| Infrastructure | Associate | Germany | |
| Expansion Capital | Partner | Denmark | |
| Associate | Germany | ||
| Infrastructure | Director | Germany | |
| Greater China | Director | Greater China | |
| Global Head of Human Resources | Sweden | ||
| Greater China | Associate | Greater China | |
| Credit | Business Manager | UK | |
| Greater China | Associate | Singapore | |
| Infrastructure | Director | Germany | |
| Infrastructure | Partner | USA | |
| Equity | Partner | Norway | |
| Greater China | Partner | Greater China | |
| Equity | Director | Sweden | |
| Equity | Associate | Norway | |
| Expansion Capital | Director | Denmark | |
| Equity | Director | Finland | |
| Infrastructure | Director | Sweden | |
| Equity | Partner | Germany | |
| Equity | Director | Germany | |
| Equity | Director | Sweden | |
| Expansion Capital | Associate | Germany | |
| Equity | Partner | Sweden | |
| Equity | Director | Sweden | |
| Equity | Associate | Sweden | |
| Infrastructure | Associate | Finland | |
| Expansion Capital | Director | Germany | |
| Equity | Associate | Denmark | |
| Equity/Opportunity | Partner | Norway | |
| Equity | Associate | Switzerland | |
| Infrastructure | Associate | Sweden | |
| Credit | Co-Head and Partner | UK | |
| Equity | Associate | Finland | |
| Infrastructure | Director | Germany | |
| Equity | Director | Germany | |
| Equity | Associate | Poland | |
| Equity | Partner | Sweden | |
| Infrastructure | Associate | Sweden | |
| Management Associate | Sweden | ||
| Equity/Opportunity | Director | Germany | |
| Greater China | Director | Singapore | |
| Credit | Director | UK | |
| Credit | Associate | UK | |
| Infrastructure | Director | USA | |
| Equity | Associate | Germany | |
| Equity | Associate | Germany | |
| Equity | Director | Poland | |
| Infrastructure | Director | Germany | |
| Greater China | Director | Greater China | |
| Expansion Capital | Director | Sweden | |
| Expansion Capital | Finance Director | Switzerland | |
| Greater China | Director | Singapore | |
| Greater China | Director | Greater China | |
| Expansion Capital | Associate | Germany | |
| Equity | Partner | Sweden | |
| Credit | Co-Head and Partner | UK | |
| Equity | Partner | Sweden | |
| Greater China | Partner | Greater China | |
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