EQT
Stockholm, SwedenEQT is a global private-markets investment firm listed on Nasdaq Stockholm, operating flagship strategies in Private Capital (buyout and growth) and Real Assets (infrastructure), investing across Europe, North America and Asia-Pacific.
AUM
€291.0B
Funds
22
vintages 1994–2024
Portfolio
121
Exits
138
EQT is a Stockholm buyout firm with €291.0B AUM, 121 active companies and 138 exits.
Key takeaways
- ·47 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 138 realized deals: 5 years.
- ·Fund cadence: ~1Y between vintages · last raise 2024.
Sector breakdown
259 companiesIndustrials
28 · 11%
Business Services
26 · 10%
Telecom
21 · 8%
MedTech
17 · 7%
Consumer
17 · 7%
Healthcare
16 · 6%
Energy
14 · 5%
SaaS
13 · 5%
Geography breakdown
30 geographiesSweden
51 · 20%
US
50 · 19%
Germany
38 · 15%
Denmark
18 · 7%
UK
15 · 6%
Norway
12 · 5%
Spain
10 · 4%
Finland
10 · 4%
Key facts
Recent exits
EQT sold Dellner Couplers to Wabtec Corporation in 2026 after 7 years.
EQT took Galderma public in 2026 after 7 years.
EQT sold Melita to Goldman Sachs Alternatives in 2025 after 6 years.
EQT sold Karo Healthcare to KKR in 2025 after 6 years.
Coverage notes
22 funds tracked, 259 portfolio companies (121 active · 138 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund EQT has raised, with its portfolio companies. Hand-checked from public filings.
22 funds
Fund
Strategy
Vintage
Size
Assets
Exits
EQT Active Core Infrastructure IInfrastructure2024€3.0B3 assetsInfrastructure2024 · 2yr€3.0B3–
Unrealized
3 held| Company | Entry |
|---|---|
| Mabtech Healthcare · France | 2024 |
| Next One Technology Software · Sweden | 2024 |
| Ocea Group Aerospace & Defence · France | 2024 |
EQT Infrastructure VIInfrastructure2023€21.5B15 assetsInfrastructure2023 · 3yr€21.5B15–
Unrealized
15 held| Company | Entry |
|---|---|
| Arcwood Environmental Business Services · US | 2023 |
| Arium Networks Telecom · US | 2026 |
| Arlanda Express Mobility · Sweden | 2026 |
| Calisen Energy · UK | 2025 |
| Constellation Cold Logistics Logistics · Netherlands | 2024 |
| Eagle Railcar Services Business Services · US | 2025 |
| Ju:niz Energy ClimateTech · Germany | 2025 |
| Lazer Logistics Logistics · US | 2023 |
| Madison Energy Infrastructure ClimateTech · US | 2023 |
| McNair Cloud Infrastructure · US | 2024 |
| OX2 ClimateTech · Sweden | 2024 |
| Scale Microgrids ClimateTech · US | 2025 |
| Seven Seas Water Group Business Services · US | 2025 |
| Statera ClimateTech · UK | 2024 |
| Waga Energy ClimateTech · France | 2025 |
EQT XBuyout2023€22.0B20 assetsBuyout2023 · 3yr€22.0B20–
Unrealized
20 held| Company | Entry |
|---|---|
| Aceve Software · Sweden | 2024 |
| AMCS SaaS · Ireland | 2024 |
| Avetta SaaS · US | 2024 |
| Coches.net E-commerce · Spain | 2026 |
| Dechra Pharmaceuticals Pharma · UK | 2024 |
| Educo Platform Education · Unknown | 2024 |
| Europa Biosite Healthcare · Sweden | 2025 |
| Flix Mobility · Germany | 2024 |
| Fortnox SaaS · Sweden | 2025 |
| InfoJobs HR Tech · Spain | 2026 |
| Mews SaaS · Netherlands | 2026 |
| OEM International Industrials · Sweden | 2025 |
| Perk Business Services · US | 2025 |
| Radius Global Infrastructure Telecom · US | 2023 |
| ReliaQuest Cybersecurity · US | 2025 |
| Rena Industrials · Germany | 2024 |
| Tion Renewables Energy · Germany | 2023 |
| Trescal Business Services · France | 2023 |
| WTS Group Business Services · Germany | 2025 |
| Zeus Industrials · US | 2024 |
EQT FutureBuyout2022€3.0B1 assetsBuyout2022 · 4yr€3.0B1–
Unrealized
1 held| Company | Entry |
|---|---|
| Levande Real Estate · Sweden | 2022 |
EQT GrowthGrowth2022€2.4B13 assetsGrowth2022 · 4yr€2.4B13–
Unrealized
13 held| Company | Entry |
|---|---|
| Ardoq SaaS · Norway | 2022 |
| CluePoints HealthTech · Belgium | 2024 |
| CYE Cybersecurity · Israel | 2021 |
| Epidemic Sound TMT · Sweden | 2021 |
| GotPhoto Software · Germany | 2023 |
| Harvey LegalTech · US | 2025 |
| IntegrityNext SaaS · Germany | 2023 |
| Lovable DevTools · Sweden | 2025 |
| Mambu Fintech · Netherlands | 2021 |
| ManyPets InsurTech · UK | 2021 |
| Mollie Fintech · Netherlands | 2021 |
| Vinted E-commerce · Lithuania | 2021 |
| Wellhub HealthTech · US | 2023 |
EQT Private Capital AsiaBuyout20228 assets1 exitsBuyout2022 · 4yr–81
Unrealized
8 held| Company | Entry |
|---|---|
| Benesse Holdings Education · Japan | 2024 |
| BLOOM FRESH International AgTech · US | 2023 |
| Fujitec Industrials · Japan | 2025 |
| GeBBS Healthcare Solutions HealthTech · US | 2024 |
| Keywords Studios Gaming · Ireland | 2024 |
| Perficient IT Services · US | 2024 |
| PropertyGuru PropTech · Singapore | 2024 |
| SK Shieldus Cybersecurity · South Korea | 2023 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Elevate Business Services · Hong Kong | 2016 | 2022 | Trade Sale | LRQA | – |
EQT Infrastructure VInfrastructure2021€15.7B14 assets2 exitsInfrastructure2021 · 5yr€15.7B142
Unrealized
14 held| Company | Entry |
|---|---|
| Cirba Solutions ClimateTech · US | 2023 |
| Colisee Healthcare · France | 2021 |
| Cypress Creek Energy Energy · US | 2021 |
| Deutsche Glasfaser Telecom · Germany | 2020 |
| Encyclis Energy · UK | 2021 |
| Envirotainer Logistics · Sweden | 2022 |
| Evidia Healthcare · Germany | 2021 |
| First Student Mobility · US | 2021 |
| Icon Group Healthcare · Australia | 2022 |
| InstaVolt ClimateTech · UK | 2022 |
| Nordic Ferry Infrastructure Logistics · Denmark | 2021 |
| Reworld Business Services · US | 2021 |
| Torghatten Mobility · Norway | 2021 |
| Zelestra Energy · Spain | 2021 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Fiberklaar Telecom · Belgium | 2021 | 2024 | Trade Sale | Proximus | – |
| First Transit Mobility · US | 2021 | 2023 | Trade Sale | Transdev | – |
EQT IXBuyout2021€15.6B15 assets2 exitsBuyout2021 · 5yr€15.6B152
Unrealized
15 held| Company | Entry |
|---|---|
| 3Shape MedTech · Denmark | 2022 |
| Bespak MedTech · UK | 2021 |
| Billtrust Fintech · US | 2022 |
| Cerba Healthcare MedTech · France | 2021 |
| CFC InsurTech · UK | 2022 |
| idealista PropTech · UK | 2024 |
| Magnit HR Tech · US | 2021 |
| Parexel Healthcare · US | 2021 |
| Recipharm Pharma · Sweden | 2021 |
| SPT Labtech MedTech · UK | 2022 |
| Storable PropTech · US | 2021 |
| thinkproject SaaS · Germany | 2021 |
| United Talent Agency Business Services · US | 2022 |
| WorkWave SaaS · US | 2021 |
| Zooplus E-commerce · Germany | 2021 |
EQT Infrastructure IVHarvestingInfrastructure2019€9.0B9 assets2 exitsInfrastructure2019 · 7yr€9.0B92
Unrealized
9 held| Company | Entry |
|---|---|
| DELTA Fiber Telecom · Netherlands | 2017 |
| EdgeConneX Cloud Infrastructure · US | 2020 |
| GlobalConnect Telecom · Denmark | 2017 |
| inexio Telecom · Germany | 2019 |
| Metlifecare Healthcare · New Zealand | 2020 |
| O2 Power Energy · India | 2020 |
| Osmose Utilities Services Business Services · US | 2019 |
| SAUR Business Services · France | 2018 |
| Zayo Group Telecom · US | 2020 |
EQT VIIIHarvestingBuyout2018€10.8B7 assets15 exitsBuyout2018 · 8yr€10.8B715
Unrealized
7 held| Company | Entry |
|---|---|
| Acumatica SaaS · US | 2019 |
| Banking Circle Fintech · Luxembourg | 2018 |
| Cast & Crew HR Tech · US | 2018 |
| Ontinue Cybersecurity · Switzerland | 2017 |
| Parques Reunidos Hospitality · Spain | 2019 |
| SHL Medical MedTech · Switzerland | 2020 |
| SUSE Software · Germany | 2019 |
Realized
15 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Aldevron Biotech · US | 2019 | 2021 | Trade Sale | Danaher | – |
| Aleris Healthcare · Sweden | 2005 | 2010 | Trade Sale | Investor AB | – |
| AutoStore Industrials · Norway | 2019 | 2021 | IPO | – | – |
| Azelis Industrials · Belgium | 2018 | 2021 | IPO | – | – |
| Dellner Couplers Industrials · Sweden | 2019 | 2026 | Trade Sale | Wabtec Corporation | – |
| Facile Fintech · Italy | 2018 | 2022 | Secondary | Silver Lake | – |
| Galderma Pharma · Switzerland | 2019 | 2026 | IPO | Public market investors | – |
| Igenomix Biotech · Spain | 2019 | 2021 | Trade Sale | Vitrolife | – |
| Karo Healthcare Consumer · Sweden | 2019 | 2025 | Secondary | KKR | – |
| RIMES Technologies Data & Analytics · UK | 2020 | 2024 | Trade Sale | Five Arrows (Rothschild & Co) | – |
| Schülke Healthcare · Germany | 2020 | 2023 | Secondary | ATHOS Consortium | – |
| Securitas Direct (now Verisure) Business Services · Sweden | 2008 | 2011 | Secondary | Bain Capital and Hellman & Friedman | – |
| SSP Business Services · Sweden | 2006 | 2014 | IPO | – | – |
| Stenqvist Industrials · Sweden | 2003 | 2008 | Trade Sale | Triton | – |
| Waystar HealthTech · US | 2019 | 2024 | IPO | – | – |
EQT Infrastructure IIIHarvestingInfrastructure2017€4.0B1 assets6 exitsInfrastructure2017 · 9yr€4.0B16
Unrealized
1 held| Company | Entry |
|---|---|
| Lumos Fiber Telecom · US | 2017 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Desotec Industrials · Belgium | 2017 | 2021 | Trade Sale | Blackstone | – |
| Direct ChassisLink Logistics · US | 2018 | 2019 | Secondary | Apollo Global Management | – |
| Fenix Marine Services Logistics · US | 2017 | 2022 | Trade Sale | CMA CGM | – |
| Getec Energy · Germany | 2017 | 2022 | Secondary | Infrastructure Investments Fund | – |
| Kodiak Gas Services Energy · US | 2019 | 2024 | IPO | Public market investors | – |
| Segra Telecom · US | 2017 | 2021 | Trade Sale | Cox Communications | – |
EQT Mid Market EuropeHarvestingBuyout20164 assets22 exitsBuyout2016 · 10yr–422
Unrealized
4 held| Company | Entry |
|---|---|
| Lima Corporate Industrials · Italy | 2016 |
| Magnific (formerly Freepik) Software · Spain | 2020 |
| Oterra FoodTech · Denmark | 2021 |
| Recover Nordic Business Services · Norway | 2020 |
Realized
22 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Avenso E-commerce · Germany | 2013 | 2019 | MBO | LUMAS Art Editions GmbH | – |
| BackWerk Consumer · Germany | 2014 | 2017 | Trade Sale | Valora | – |
| BBS Automation Industrials · Germany | 2018 | 2024 | Trade Sale | Cognex Corporation | – |
| Charleston Healthcare · Germany | 2014 | 2019 | Trade Sale | KOS and Primovie | – |
| DataFlow Business Services · United Arab Emirates | 2014 | 2025 | Secondary | Arcapita Group Holdings Limited | – |
| Dunlop Industrials · Netherlands | 2018 | 2024 | Secondary | Gilde Equity Management | – |
| E.I.S. Aircraft Aerospace & Defence · Germany | 2015 | 2019 | Secondary | Hannover Finanz | – |
| Ellab HealthTech · Denmark | 2019 | 2023 | Secondary | IK Partners | – |
| Eton Consumer · Sweden | 2016 | 2025 | Trade Sale | Private long-term investor consortium | – |
| Fertin Pharma Pharma · Denmark | 2017 | 2021 | Trade Sale | Philip Morris International | – |
| In.Corp Global Business Services · Singapore | 2016 | 2021 | Secondary | TA Associates | – |
| Iver IT Services · Sweden | 2018 | 2021 | Secondary | Intermediate Capital Group | – |
| kfzteile24 E-commerce · Germany | 2015 | 2023 | MBO | Management, Project A Ventures, Koehler Group and SB21 | – |
| Mongstad Group Business Services · Norway | 2015 | 2018 | Secondary | Asset Buyout Partners | – |
| Open Systems Cybersecurity · Switzerland | 2017 | 2024 | Trade Sale | Swiss Post | – |
| Piab Industrials · Sweden | 2015 | 2018 | Trade Sale | Patricia Industries (Investor AB) | – |
| StormGeo Data & Analytics · Norway | 2014 | 2021 | Trade Sale | Alfa Laval | – |
| swiss smile Healthcare · Switzerland | 2013 | 2017 | Trade Sale | Jacobs Holding | – |
| TIA Technology SaaS · Denmark | 2014 | 2020 | Trade Sale | Bregal Milestone | – |
| Touhula Education · Finland | 2016 | 2022 | MBO | Touhula management team and board members | – |
| TransIP Cloud Infrastructure · Netherlands | 2016 | 2017 | MBO | Cherenkov B.V. | – |
| Utimaco Cybersecurity · Germany | 2017 | 2022 | Secondary | SGT Capital | – |
EQT VIIHarvestingBuyout2015€6.8B7 assets10 exitsBuyout2015 · 11yr€6.8B710
Unrealized
7 held| Company | Entry |
|---|---|
| Enity Group Financials · Sweden | 2017 |
| IFS SaaS · Sweden | 2015 |
| IFS (Industrial and Financial Systems) Software · Sweden | 2015 |
| IVC Evidensia Healthcare · UK | 2017 |
| NORD (Nord Anglia Education) Education · UK | 2017 |
| Nord Anglia Education Education · Hong Kong | 2025 |
| Sitecore SaaS · US | 2016 |
Realized
10 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Apleona Business Services · Germany | 2016 | 2021 | Trade Sale | PAI Partners | – |
| Certara Software · US | 2017 | 2020 | IPO | – | – |
| Curaeos Healthcare · Netherlands | 2017 | 2021 | Trade Sale | Jacobs Holding | – |
| HusCompagniet Construction · Denmark | 2015 | 2021 | IPO | – | – |
| LimaCorporate MedTech · Italy | 2016 | 2024 | Trade Sale | Enovis | – |
| Musti Group Consumer · Finland | 2014 | 2020 | IPO | – | – |
| Ottobock Healthcare MedTech · Germany | 2017 | 2024 | Secondary | Professor Hans Georg Näder and the Näder Family | – |
| Press Ganey HealthTech · US | 2016 | 2019 | Trade Sale | Leonard Green & Partners and Ares Management | – |
| Top-toy Consumer · Denmark | 2016 | 2018 | Trade Sale | – | – |
| VFS Global Business Services · United Arab Emirates | 2016 | 2022 | Secondary | Blackstone | – |
EQT Infrastructure IIRealizedInfrastructure2013€1.9B2 assets14 exitsInfrastructure2013 · 13yr€1.9B214
Unrealized
2 held| Company | Entry |
|---|---|
| Evidensia Healthcare · Sweden | 2014 |
| itslearning EdTech · Norway | 2013 |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Adven Energy · Finland | 2012 | 2016 | Trade Sale | AMP Capital | – |
| Altus Intervention Energy · Norway | 2014 | 2020 | Trade Sale | Baker Hughes | – |
| Broadnet Telecom · Norway | 2012 | 2018 | Secondary | GlobalConnect | – |
| Contanda Logistics · US | 2013 | 2019 | Secondary | Institutional investors advised by J.P. Morgan Asset Management | – |
| EEW Energy from Waste Energy · Germany | 2013 | 2016 | Trade Sale | Beijing Enterprises Holdings | – |
| Hector Rail Logistics · Sweden | 2014 | 2020 | Secondary | Ancala European Infrastructure Fund II | – |
| I-MED Radiology Network Healthcare · Australia | 2014 | 2018 | Trade Sale | Permira | – |
| IP-Only Telecom · Sweden | 2013 | 2019 | Trade Sale | Telia Company | – |
| IslaLink Telecom · Spain | 2014 | 2018 | Trade Sale | Fiera Infrastructure | – |
| Koole Terminals Energy · Netherlands | 2011 | 2015 | Secondary | Institutional investors advised by J.P. Morgan Asset Management - Global Real Assets | – |
| Parkia Real Estate · Spain | 2014 | 2016 | Trade Sale | First State Investments | – |
| Synagro Business Services · US | 2013 | 2020 | Trade Sale | Goldman Sachs | – |
| Unilode Aviation Solutions Logistics · Switzerland | 2016 | 2021 | Secondary | Basalt Infrastructure Partners | – |
| WASH Business Services · US | 2015 | 2025 | Secondary | Northleaf Capital Partners and AVALT | – |
EQT VIHarvestingBuyout2011€4.8B2 assets13 exitsBuyout2011 · 15yr€4.8B213
Unrealized
2 held| Company | Entry |
|---|---|
| Sportradar Data & Analytics · Switzerland | 2012 |
| WS Audiology MedTech · Denmark | 2019 |
Realized
13 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Anticimex Business Services · Sweden | 2012 | 2021 | Continuation Vehicle | EQT Future-led consortium (Melker Schorling AB, GIC, AMF, Interogo, Alecta) | – |
| Atos Medical MedTech · Sweden | 2011 | 2016 | Trade Sale | Coloplast | – |
| Automic Software · Austria | 2013 | 2017 | Trade Sale | CA Technologies | – |
| BSN medical MedTech · Germany | 2012 | 2017 | Trade Sale | Essity (SCA) | – |
| Bureau van Dijk Data & Analytics · Belgium | 2014 | 2017 | Trade Sale | Moody's | – |
| Dometic Group Consumer · Sweden | 2011 | 2015 | IPO | – | – |
| Dometic International Consumer · Sweden | 2011 | 2015 | IPO | – | – |
| Faerch Plast Industrials · Denmark | 2014 | 2017 | Trade Sale | Advent International | – |
| Flying Tiger Copenhagen Consumer · Denmark | 2013 | 2021 | MBO | Treville & Co and management | – |
| Nordic Aviation Capital Aerospace & Defence · Ireland | 2015 | 2021 | – | – | – |
| RTI Industrials · Germany | 2011 | 2015 | Secondary | Aurora Capital Group | – |
| Terveystalo Healthcare · Finland | 2013 | 2018 | Secondary | Varma, Rettig Group, Hartwall Capital and other Finnish institutions | – |
| Vertu Consumer · UK | 2012 | 2015 | Trade Sale | Godin Holdings | – |
EQT Infrastructure IRealizedInfrastructure2008€1.2B0 assets5 exitsInfrastructure2008 · 18yr€1.2B05
Realized
5 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Midland Cogeneration Venture Energy · US | 2009 | 2012 | Secondary | Borealis Infrastructure | – |
| Peregrine Midstream Partners Energy · US | 2011 | 2017 | – | – | – |
| SAG Group Business Services · Germany | 2008 | 2017 | Trade Sale | SPIE | – |
| Swedegas ClimateTech · Sweden | 2010 | 2015 | Trade Sale | EDF Invest | – |
| Tampnet Telecom · Norway | 2012 | 2019 | Trade Sale | Cube Infrastructure and Digital Colony | – |
EQT Expansion Capital IIRealizedGrowth20070 assets1 exitsGrowth2007 · 19yr–01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| XXL Sport & Villmark Consumer · Norway | 2010 | 2014 | IPO | – | – |
EQT VRealizedBuyout2006€4.3B0 assets12 exitsBuyout2006 · 20yr€4.3B012
Realized
12 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| AcadeMedia Education · Sweden | 2010 | 2016 | IPO | – | – |
| Blizoo Telecom · Bulgaria | 2009 | 2015 | Trade Sale | Mobiltel (A1 Bulgaria) | – |
| CaridianBCT MedTech · US | 2006 | 2011 | Trade Sale | Terumo | – |
| CBR Fashion Consumer · Germany | 2007 | 2018 | Trade Sale | Alteri Investors | – |
| DAKO MedTech · Denmark | 2007 | 2012 | Trade Sale | Agilent Technologies | – |
| HTL-Strefa MedTech · Poland | 2009 | 2018 | Secondary | Investindustrial | – |
| Kabel Baden-Wuerttemberg Telecom · Germany | 2006 | 2011 | Trade Sale | Liberty Global | – |
| KMD IT Services · Denmark | 2009 | 2012 | Secondary | Advent International | – |
| Scandic Hospitality · Sweden | 2007 | 2015 | Secondary | Novobis AB and Stena Sessan Rederi AB | – |
| Securitas Direct Business Services · Sweden | 2008 | 2011 | Secondary | Bain Capital and Hellman & Friedman | – |
| Springer SBM TMT · Germany | 2010 | 2013 | Secondary | BC Partners | – |
| Springer Science+Business Media TMT · Germany | 2010 | 2013 | Secondary | BC Partners | – |
EQT IVRealizedBuyout2004€2.5B0 assets4 exitsBuyout2004 · 22yr€2.5B04
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Gambro MedTech · Sweden | 2006 | 2013 | Trade Sale | Baxter International | – |
| Munksjo Industrials · Sweden | 2005 | 2013 | IPO | – | – |
| Sanitec Construction · Finland | 2005 | 2015 | Trade Sale | Geberit | – |
| Tognum Group Industrials · Germany | 2006 | 2008 | Trade Sale | Daimler AG | – |
EQT IIIRealizedBuyout2001€2.0B0 assets13 exitsBuyout2001 · 25yr€2.0B013
Realized
13 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Carl Zeiss Vision MedTech · Germany | 2005 | 2013 | Trade Sale | Carl Zeiss AG | – |
| Com Hem Telecom · Sweden | 2003 | 2006 | Secondary | Carlyle Group and Providence Equity Partners | – |
| Duni Consumer · Sweden | 2001 | 2007 | IPO | – | – |
| Eldon Holding Industrials · Sweden | 2001 | 2006 | Trade Sale | – | – |
| Finn-Power Industrials · Finland | 2002 | 2008 | Trade Sale | Prima Industrie | – |
| International Health Insurance Financials · Denmark | 2001 | 2005 | Trade Sale | BUPA | – |
| ISS Business Services · Denmark | 2005 | 2014 | IPO | – | – |
| Kabel BW Telecom · Germany | 2003 | 2011 | Trade Sale | Liberty Global | – |
| Leybold Optics Industrials · Germany | 2001 | 2012 | Trade Sale | Buhler | – |
| Plantasjen Consumer · Norway | 2001 | 2007 | Trade Sale | Apax Partners | – |
| Sirona MedTech · Germany | 2003 | 2005 | Secondary | Madison Dearborn Partners and Sirona management | – |
| Symrise Industrials · Germany | 2001 | 2007 | IPO | – | – |
| VTI Technologies Deep Tech · Finland | 2002 | 2012 | Trade Sale | Murata Manufacturing | – |
EQT IIRealizedBuyout19980 assets6 exitsBuyout1998 · 28yr–06
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Dahl International Business Services · Sweden | 1999 | 2004 | Trade Sale | Saint-Gobain | – |
| Findus FoodTech · Sweden | 2000 | 2006 | Trade Sale | CapVest | – |
| Salcomp Industrials · Finland | 1999 | 2006 | Secondary | Nordstjernan AB | – |
| StjärnTVnätet Telecom · Sweden | 1998 | 1999 | Trade Sale | Telia | – |
| Tradex Industrials · Sweden | 2000 | 2006 | Trade Sale | Brady Corporation | – |
| Vaasan & Vaasan Consumer · Finland | 1998 | 2004 | Secondary | CapVest | – |
EQT IRealizedBuyout19940 assets10 exitsBuyout1994 · 32yr–010
Realized
10 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Ballingslov Consumer · Sweden | 1998 | 2002 | IPO | – | – |
| Brukens Thermotreat Industrials · Sweden | 1995 | 1997 | Trade Sale | Bodycote International plc | – |
| FlexLink Industrials · Sweden | 1997 | 2005 | Secondary | ABN AMRO Capital | – |
| HemoCue MedTech · Sweden | 1999 | 2007 | Trade Sale | Quest Diagnostics | – |
| Orrefors Kosta Boda Consumer · Sweden | 1996 | 1998 | Trade Sale | Royal Scandinavia | – |
| Perlos Industrials · Finland | 1996 | 1999 | IPO | – | – |
| Sabroe Refrigeration Industrials · Denmark | 1996 | 1999 | Trade Sale | York International | – |
| Struers Industrials · Denmark | 1998 | 2001 | Trade Sale | Roper Industries Inc. | – |
| TAC SaaS · Sweden | 1998 | 2003 | Trade Sale | Schneider Electric | – |
| Thule Consumer · Sweden | 1999 | 2004 | Secondary | Candover | – |
About EQT
EQT is a Swedish listed global alternative investment firm with €269 billion of total assets under management as of December 2024 (€136 billion fee-generating), headquartered in Stockholm and listed on Nasdaq Stockholm following its 2019 IPO. The firm was founded in 1994 by SEB, AEA Investors and the Wallenberg-controlled Investor AB, with the modern thematic active-ownership model conceived in 1993 by Conni Jonsson and Claes Dahlbäck and inspired by the Wallenberg family's responsible ownership philosophy. Investor AB and founding partners remain anchor shareholders alongside institutional and public market investors. EQT operates a global multi-strategy platform spanning private equity, infrastructure, real estate, life sciences and ventures.
Investment thesis
EQT deploys capital through more than 25 active flagship vehicles across large-cap and mid-market buyout, growth, life sciences (LSP), infrastructure (Value-Add, Active Core, Transition), real estate and ventures, with capital allocated to healthcare, technology, industrial technology, services, environmental and energy transition and consumer verticals. Geographic deployment spans Europe, North America and Asia-Pacific, supported by a Nordic-rooted operating heritage and sector-themed global platforms. The active-ownership model combines deep sector expertise with operational improvement teams, ESG integration and global cross-portfolio knowledge networks. Recent flagship vintages include EQT X (private equity), EQT Infrastructure VI, EQT Active Core Infrastructure, BPEA Private Equity Fund VIII (Asia) and LSP 6 (life sciences).
Recent activity
Recent realised exits include realisations across healthcare (2025), software and technology (2025), infrastructure (2025) and financial services (2025), reflecting record exit momentum even under tight market conditions. Recent acquisitions include Coller Capital (secondaries asset manager, 2026), NEOGOV (HR software, 2025) and Crown Castle small cells (digital infrastructure, 2025). EQT continues to deploy capital across its global flagship strategies while expanding the secondaries franchise via the Coller Capital acquisition, with strong fundraising momentum across infrastructure and life sciences.
Portfolio platforms backed by EQT made 2 researched add-on acquisitions during its ownership.
Frequently asked questions
- What investment strategy does EQT focus on?
- EQT focuses on Buyout strategies in the private equity space.
- How many portfolio companies does EQT have?
- EQT has 121 active portfolio companies and 138 completed exits and 22 funds tracked on GP Intel.
- Where is EQT headquartered?
- EQT is headquartered in Stockholm, Sweden.
- What is EQT's assets under management?
- EQT manages approximately €291.0B in assets under management.
- When was EQT founded?
- EQT was founded in 1994.
- What sectors does EQT invest in?
- EQT invests across Healthcare, TMT, Industrials, Business Services, Energy.
- What are EQT's recent exits?
- Recent realized exits by EQT include: Dellner Couplers (2026) to Wabtec Corporation; Galderma (2026) to Public market investors; Melita (2025) to Goldman Sachs Alternatives; Karo Healthcare (2025) to KKR; DataFlow (2025) to Arcapita Group Holdings Limited; Eton (2025) to Private long-term investor consortium; WASH (2025) to Northleaf Capital Partners and AVALT; Fiberklaar (2024) to Proximus.
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Last updated August 2026 · Sourced from public filings · Report an issue