EQT Partners
EQT is a global investment organization founded in 1994, dedicated to investing in, developing, and owning companies across multiple regions, sectors and business models. Together with a network of advisors, the firm invests in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. As of March 2022, EQT's assets under management ("AUM") were US$100.0 billion / €90.0 billion. (2022) In June 2021 EQT was ranked as the sixth largest private equity firm by Private Equity International based on total fundraising over the last five-year period. History. The  company was founded in 1994 by SEB, AEA Investors, and Investor AB, the holding company of the Wallenberg family. EQT AB Group is the investment advisor to all the group's funds. It has around 650 employees, of which approximately 330 are within the investment advisory teams. The firm and its affiliates have offices in Amsterdam, Copenhagen, Frankfurt, Helsinki, Hong Kong, London, Luxembourg, Madrid, Munich, Milan, New York City, Oslo, Shanghai, Singapore, Stockholm, and Zurich. In May 2016, EQT announced the formation of a venture capital arm, called EQT Ventures. In April 2021, EQT secured €15.6 billion (US$18.8  billion) for its ninth flagship Private Capital fund. This amount surpassed the firm's target of 14.8 billion euros and was greater than its eighth Private Capital fund, which closed in 2018 with €10.9 billion. In November 2021, EQT secured €15.7 billion (US$19.0 billion) for its fifth flagship Real Assets fund. This amount surpassed the firm's target of 12.5 billion euros and was greater than its fourth Real Assets fund, which closed in 2019 with €9.1 billion. In March 2022, EQT made a corporate level acquisition of Baring Private Equity Asia to complement EQT's  operations in Asia with Baring's US$20.0 billion assets under management. Notable investments. In October 2017, EQT acquired medical device company Clinical Innovations from the Pritzker Group for US$250 million. In July 2018, EQT announced the acquisition of SUSE for US$2.5 billion. SUSE announced its continued support for the openSUSE project. This acquisition was completed in 2019. In May 2019, EQT and Digital Colony Partners ("Digital Colony") signed a definitive US$14.3 billion merger agreement to acquire Zayo Group Holding Inc., which provides fiber connectivity and co-location services. In May 2019, consortium led by EQT and  ADIA enters exclusive negotiations to acquire skincare company Nestlé Skin Health. In June 2019, EQT partners acquired Acumatica. In September 2019, EQT acquired Inexio, a leading provider of fiber-optic Internet access in Germany. In September 2020, EQT acquired Spanish real estate Internet portal Idealista for €1.3 billion. In July 2021, EQT announced plans to acquire solar and storage developer Cypress Creek Renewables.