EQT Partners
Deal focus: Nothing’s swift evolution into something
A global brand developed by a European-Chinese founder, Nothing has made its presence felt on the idiosyncratic edges of the smart phone market. Investors have responded positively
EQT buys Korean security services provider
EQT has agreed to acquire a majority stake in Korea-based security monitoring business SK Shieldus from an affiliate of SK Group and Macquarie Asset Management, through an investment under its core-plus infrastructure strategy.
Fund focus: BPEA Credit spins out, closes Fund III on $475m
Baring Private Equity Asia's credit unit has entered a new phase as an independent manager with a fund more than three times larger than the previous vintage
Baring Asia, EQT plan rollout of additional Asia strategies
Mid-cap buyout has been primed as the first of multiple strategies EQT pursues in Europe and North America that will be rolled out in Asia following the completion of the firm’s merger with Baring Private Equity Asia (BPEA).
EQT exits China packaging business to OTPP
EQT has confirmed the sale of its co-control stake in China-headquartered packaging manufacturing company GPA Global to Ontario Teachers’ Pension Plan Board (OTPP) for an undisclosed sum.
Ex-EQT partner wins funding for Asia ESG services platform
Tak Wai Chung, who until early last year was a Singapore-based partner at EQT, has secured funding for a pan-Asian platform that will provide software solutions to corporates that need to meet environment, social, and governance (ESG) requirements.
ESG in M&A: Eloquent exits
Private equity firms are increasingly presenting portfolio companies’ sustainability credentials in a prepared and formal way in trade sale situations. It appears to be worth the trouble
Hong Kong-based Martin Mok moves on from CVC
Martin Mok, a senior managing director with CVC Capital Partners in Hong Kong, has left the firm just over a year after his arrival from EQT.
Deal focus: Jade Invest rides pest control M&A boom
Having offered a blueprint for pest control consolidation globally in Anticimex, EQT wants to repeat the trick in China with Guardian Hygiene Service. It meant a 3.3x return for previous owner Jade Invest
EQT and Baring Asia: Size matters
The significance of EQT’s acquisition of Baring Private Equity Asia is in the strategic machinations of global GPs as much as in the implications for on-the-ground dealmaking
EQT buys China pest control business
EQT Private Equity Asia has acquired majority stake in Guardian Hygiene Service, China’s largest domestic pest control company, for an undisclosed sum. It facilitates a full exit for Jade Invest.
Baring Asia to merge with EQT
EQT has agreed a EUR 6.8bn (USD 7.5bn) acquisition of Baring Private Equity Asia (BPEA), having decided that organic expansion would unlikely deliver the Asia platform it desires to create a truly global business.
EQT exits Hong Kong ESG business Elevate
EQT has sold Elevate, a Hong Kong-based environment, social, and governance (ESG) and supply chain services provider it has backed since 2016, to LRQA, a larger peer in the assurance space.
FountainVest buys China QSR restaurant operator from EQT
FountainVest Partners has acquired China F&B Group (CFB), one of the master franchise operators for Papa John’s and Dairy Queen in mainland China, from EQT for an undisclosed sum.
Deal focus: Icon retains its private equity appeal
EQT’s $1.67 billion acquisition of Icon Group underscores the recent trend in large-cap buyouts, as well as the long-term growth potential for cancer care specialists in Australia and the wider Asian region
EQT buys Australia cancer care business from PE consortium
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
Going green is delicate, incentives-driven work – AVCJ Forum
The integration of sustainable practices into private equity firms and portfolio companies is a "diplomatic process," investors told the AVCJ ESG Forum.
Q&A: EQT’s Andreas Aschenbrenner and Sophie Walker
In the past month, EQT has launched an impact fund with a difference and adopted science-based targets for emissions reduction. Andreas Aschenbrenner, deputy head of EQT Future, and Sophie Walker, head of sustainability for private capital, explain why
EQT recruits Japan private equity head from JPIC
EQT has hired Tetsuro Onitsuka, formerly of Japan Post Investment Corporation (JPIC) and TPG Capital, as head of Japan private equity as it continues to build out a local presence in the country.
EQT backs cybersecurity training business
EQT has invested in EC-Council, a cybersecurity training and certification business established by a Malaysian entrepreneur, through its Asia mid-market fund.
EQT extends Australia IT rollup play
EQT-owned Nexon Asia Pacific, an Australia-based IT services provider, has acquired local counterpart Veridian Solutions for an undisclosed sum. This is its third bolt-on in as many months.
EQT pursues $2.2b Australia software take-private
Iress, an Australia-listed software developer that serves the financial services sector, has invited EQT to conduct further due diligence following receipt of a take-private offer worth up to A$3 billion ($2.2 billion).
EQT backs Indonesia flavors, fragrances player
Product innovation and geographic expansion are on the agenda for Indonesia-based flavors and fragrances (F&F) provider Indesso Group following EQT’s acquisition of a minority stake in the business.