EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity (EQT Private Capital Europe & North America), infrastructure (EQT Infrastructure), real estate (EQT Real Estate), growth equity, and venture capital in Europe, North America, and Asia Pacific. , EQT's assets under management are €210 billion / US$227 billion. It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking.
History
The company was founded in 1994 by
SEB Group,
AEA Investors, and
Investor AB.
Conni Jonsson was founding chairman.
It established venture capital business, EQT Ventures in 2016,
In 2021, EQT acquired Life Sciences Partners, a European venture capital firm with approximately €2.2 billion of assets under management
In March 2023, EQT acquired the entire stake held by SK Group and the Macquarie Asset Management Consortium for about KRW 2 trillion, becoming the largest shareholder of SK Shields with a 68% stake.
In February 2025, EQT appointed Per Franzén as its incoming chief executive, as of May 2025.[ Buyout firm EQT names Per Franzén chief executive Financial Times. (Subscription only)]
Description, structure, and governance
EQT is owned by the Wallenberg family and
Investor AB.
Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, Asia Pacific,
the firm and its associates have offices in [[Amsterdam]], [[Berlin]], [[Copenhagen]], [[Helsinki]], [[Hong Kong]], [[London]], [[Luxembourg]], [[Madrid]], [[Milan]], [[Mumbai]], [[Munich]], New York City, [[Oslo]], [[Paris]], [[San Francisco]], [[Seoul]], [[Shanghai]], [[Singapore]], [[Stockholm]], [[Sydney]], [[Tokyo]], and [[Zurich]].
EQT investment divisions are:
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EQT Infrastructure
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EQT Private Capital Europe & North America
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EQT Real Estate
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EQT Private Wealth
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It has two subsidiaries: EQT Ventures
Conni Jonsson is chair and Christian Sinding [[CEO]].
Assets and ranking
, EQT's assets under management are €210 billion / US$227 billion.
It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking.
Fund investments
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2017, Medical device company Clinical Innovations from the Pritzker family for US$250 million
[Jonathan D. Rockoff, "Private-Equity Group EQT to Buy Medical Device Company for $250 Million," The Wall Street Journal, 18 October 2017.]
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2019, SUSE for US$2.5 billion
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2019, Zayo Group Holding Inc from Digital Colony Partners for US$14.3 billion
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2019, Part of a consortium with ADIA to acquire Nestlé Skin Health
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2019, Acumatica
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2019, German fiber-optic network provider Inexio for $1.1 billion
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2020, Spanish real estate website Idealista for €1.3 billion
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2020, Datacenter Provider Edge Connex was bought for $2.7 billion
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2021, Announced plans to acquire Solar energy and Energy storage developer Cypress Creek Renewables
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2021, purchased First Student and First Transit from FirstGroup
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2022, Australian retirement living portfolio from Stockland, renamed as Levande, for near $1b AUD
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In March 2022, EQT acquired BPEA with 5.3 billion euros worth of new EQT shares and 1.5 billion euros in cash paid to Bearing PEA. This gave it the rights of operators to manage the fund and the right to hold performance pay for existing funds.
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2023, Announced plans to acquire Zeus Company, a global leader in advanced polymer components used in life-saving medical procedures for $3.4 billion.
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2024, Renamed BPEA, which was previously acquired in 2022, to EQT Private Capital Asia.
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2024, Acquired digital consultancy firm Perficient for $1 billion all cash deal. The acquisition was completed in October 2024.
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2024, private equity consortium led by Neuberger Berman that includes EQT AB and Canada Pension Plan Investment Board agreed to buy international private school operator Nord Anglia Education for $14.5 billion.
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2024, 100% of the shares of OX2, a Stockholm based renewable energy development company
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2024, Acquired Indostar Home Finance which is an Indian affordable housing finance company, for $210 million and gave commitments of $59 million to support in future.
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In January 2025, EQT signed a deal to acquire a best-in-class logistics collective strategically located in major Milan and Verona submarkets in northern Italy for approximately 230 million euros.
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On March 19, 2025, EQT announced a deal to acquire Crown Castle's small cells business for $4.25 billion.
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In March 2025, EQTAB acquired the consortium's Nord Anglia Education, valued at $14.5 billion.
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In July 2025, EQT X acquired Adalvo
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