EQT Partners AB: EQT VI successfully closed at hard cap of EUR 4.75 billion
DGAP-News: EQT Partners AB / Key word(s): Private Equity
EQT Partners AB: EQT VI successfully closed at hard cap of EUR 4.75
billion
14.10.2011 / 09:09
---------------------------------------------------------------------
EQT VI successfully closed at hard cap of EUR 4.75 billion
- EQT VI completes fundraising and closes at hard cap of EUR 4.75 billion
- Strong interest from new investors in Asia, Middle East and North
America
- EQT VI's industrial value creation model decisive for investor
commitments
EQT VI has successfully completed its fundraising at the hard cap of EUR
4.75 billion. Interest from both existing and new investors was strong and
the fundraising was completed in less than nine months. Demand for the fund
greatly exceeded the hard cap of EUR 4.75 billion and a first close was
reached on July 1, securing commitments of 83% of the targeted fund size.
'A key factor behind this successful fundraising was EQT's proven
industrial model for developing and growing companies. The very swift
process and solid interest from existing as well as new investors bear
evidence of strong confidence in EQT's ability to create value through
industrial development and earnings growth', says Christian Sinding, Head
of Equity at EQT Partners which advises EQT VI.
One ambition for EQT VI was to broaden the investor base in terms of
geography and 23% of the total commitments came from investors in the Asia
Pacific region compared to 7% in the preceding fund, EQT V. Investors from
the Middle East committed 5% of the fund and North American investors 22%.
Non-European investors thereby account for 50% of the fund compared to
approximately a third in EQT V.
Sovereign wealth funds and pension funds account for 53% of the committed
capital compared to 31% in the preceding fund. Among the fund's blue chip
investors are: Adams Street Partners, AP4, AP6, Argentum, ATP PEP, Capital
Dynamics, CNP Assurances, Danica Pension, GIC, HarbourVest, Hermes GPE,
Howard Hughes Medical Institute, Ilmarinen, IL TRS, Makena Capital, Nordea
Bank, New York Life Capital Partners, Ontario Teachers' Pension Plan,
Pantheon, Partners Group, Quentin Ayers, Sampo, San Diego County Employees
Retirement Association, Skandia Liv, SUVA, Varma and Unigestion.
'It is very satisfying having received such strong support from a large
group of well renowned and sophisticated investors, especially in today's
challenging fundraising market', says Conni Jonsson, Managing Partner at
EQT Partners.
The strategy of EQT VI remains essentially the same as for EQT V with a
focus on Northern and Eastern Europe and a bias towards quality companies
with a clear potential for growth and market or industry leadership. EQT VI
made its first investment in July through the acquisition of the Swedish
medical technology company Atos Medical.
'We are headed for uncertain times with financial turbulence and a
weakening economic environment but EQT has a strong track record of growing
and improving companies also in more challenging times. There is a strong
pipeline of investment opportunities in all of EQT's core European markets
and the combination of more than 120 investment professionals at EQT
Partners and EQT's unique global network of Industrial Advisors reinforces
EQT's position at the forefront of the European buyout industry', concludes
Conni Jonsson.
Contacts
EQT VI
Johan Hähnel, EQT VI Press Spokesperson +46 8 506 55 334
EQT Partners
Christian Sinding, Head of Equity, EQT Partners +47 23 23 75 50
About EQT
EQT is the leading private equity group in Northern Europe with close to
EUR 18 billion in raised capital and multiple investment strategies.
Together with a superior network of Industrial Advisors, EQT implements its
business concept by acquiring or financing good medium-sized to large
companies in Northern and Eastern Europe, Asia and the United States,
developing them into leading companies. Development is achieved by applying
an industrial strategy with focus on growth. Since inception, EQT has
invested more than EUR 10.5 billion in around 100 companies and exited
close to 50. EQT-owned companies have more than 550,000 employees.
EQT VI makes control investments in high-quality, market leading,
medium-sized to large companies in growing industries in Northern and
Eastern Europe with a potential for top-line growth.
EQT Partners, acting as investment advisor to the managers of each EQT
fund, has around 120 investment professionals with an extensive industrial
and financial competence. EQT Partners has offices in Copenhagen,
Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai,
Singapore, Stockholm, Warsaw and Zurich.
More information can be found on www.eqt.se
End of financial news
---------------------------------------------------------------------
14.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
142300 14.10.2011
DGAP-News: EQT Partners AB / Key word(s): Private Equity
EQT Partners AB: EQT VI successfully closed at hard cap of EUR 4.75
billion
14.10.2011 / 09:09
---------------------------------------------------------------------
EQT VI successfully closed at hard cap of EUR 4.75 billion
- EQT VI completes fundraising and closes at hard cap of EUR 4.75 billion
- Strong interest from new investors in Asia, Middle East and North
America
- EQT VI's industrial value creation model decisive for investor
commitments
EQT VI has successfully completed its fundraising at the hard cap of EUR
4.75 billion. Interest from both existing and new investors was strong and
the fundraising was completed in less than nine months. Demand for the fund
greatly exceeded the hard cap of EUR 4.75 billion and a first close was
reached on July 1, securing commitments of 83% of the targeted fund size.
'A key factor behind this successful fundraising was EQT's proven
industrial model for developing and growing companies. The very swift
process and solid interest from existing as well as new investors bear
evidence of strong confidence in EQT's ability to create value through
industrial development and earnings growth', says Christian Sinding, Head
of Equity at EQT Partners which advises EQT VI.
One ambition for EQT VI was to broaden the investor base in terms of
geography and 23% of the total commitments came from investors in the Asia
Pacific region compared to 7% in the preceding fund, EQT V. Investors from
the Middle East committed 5% of the fund and North American investors 22%.
Non-European investors thereby account for 50% of the fund compared to
approximately a third in EQT V.
Sovereign wealth funds and pension funds account for 53% of the committed
capital compared to 31% in the preceding fund. Among the fund's blue chip
investors are: Adams Street Partners, AP4, AP6, Argentum, ATP PEP, Capital
Dynamics, CNP Assurances, Danica Pension, GIC, HarbourVest, Hermes GPE,
Howard Hughes Medical Institute, Ilmarinen, IL TRS, Makena Capital, Nordea
Bank, New York Life Capital Partners, Ontario Teachers' Pension Plan,
Pantheon, Partners Group, Quentin Ayers, Sampo, San Diego County Employees
Retirement Association, Skandia Liv, SUVA, Varma and Unigestion.
'It is very satisfying having received such strong support from a large
group of well renowned and sophisticated investors, especially in today's
challenging fundraising market', says Conni Jonsson, Managing Partner at
EQT Partners.
The strategy of EQT VI remains essentially the same as for EQT V with a
focus on Northern and Eastern Europe and a bias towards quality companies
with a clear potential for growth and market or industry leadership. EQT VI
made its first investment in July through the acquisition of the Swedish
medical technology company Atos Medical.
'We are headed for uncertain times with financial turbulence and a
weakening economic environment but EQT has a strong track record of growing
and improving companies also in more challenging times. There is a strong
pipeline of investment opportunities in all of EQT's core European markets
and the combination of more than 120 investment professionals at EQT
Partners and EQT's unique global network of Industrial Advisors reinforces
EQT's position at the forefront of the European buyout industry', concludes
Conni Jonsson.
Contacts
EQT VI
Johan Hähnel, EQT VI Press Spokesperson +46 8 506 55 334
EQT Partners
Christian Sinding, Head of Equity, EQT Partners +47 23 23 75 50
About EQT
EQT is the leading private equity group in Northern Europe with close to
EUR 18 billion in raised capital and multiple investment strategies.
Together with a superior network of Industrial Advisors, EQT implements its
business concept by acquiring or financing good medium-sized to large
companies in Northern and Eastern Europe, Asia and the United States,
developing them into leading companies. Development is achieved by applying
an industrial strategy with focus on growth. Since inception, EQT has
invested more than EUR 10.5 billion in around 100 companies and exited
close to 50. EQT-owned companies have more than 550,000 employees.
EQT VI makes control investments in high-quality, market leading,
medium-sized to large companies in growing industries in Northern and
Eastern Europe with a potential for top-line growth.
EQT Partners, acting as investment advisor to the managers of each EQT
fund, has around 120 investment professionals with an extensive industrial
and financial competence. EQT Partners has offices in Copenhagen,
Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai,
Singapore, Stockholm, Warsaw and Zurich.
More information can be found on www.eqt.se
End of financial news
---------------------------------------------------------------------
14.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
142300 14.10.2011