EQT V will execute the same industrial acceleration strategy successfully deployed in prior EQT funds, making controlling investments in high-quality, market-leading, medium-sized companies in growing industries in Northern Europe.
The fund will seek to invest in companies where EQT, in partnership with management, can create a specific industrial angle and deploy its unique industrial know-how and network of senior industrialists, to accelerate growth, and create value. In total the PE house has invested in about 50 companies.
Conni Jonsson, managing partner of EQT, said: “We are very pleased with the long-term relationships we have built with investors in the EQT funds and the loyal investor base that chose to continue to partner with EQT. We are also grateful for the significant vote of confidence from new investors from all regions of the world. With the new fund EQT is well equipped to continue to play a leading and unique industrial role in the Northern European private equity market”.
The Nordic investor has also closed its second Chinese fund on €420m. The
Winnie Fok, Chief Executive of EQT Partners Asia, said “We are extremely happy to have gained support from such strong and seasoned investors. With well-developed relationships in Greater China, and an extensive international network of industrial partners and advisors, we are well-positioned to deliver on-going success in this dynamic region.”
This latest vehicle follows on from Investor Capital Partners – Asia Fund, which closed in 2000. Its strategy was to focus on mid-market companies, taking controlling stakes; the new fund will follow the same path.
It will invest in companies where EQT, in partnership with management, can create a specific industrial angle and deploy its unique industrial know-how and network of senior industrialists, to accelerate growth, and create value. The fund will focus on the fast growing sectors of branded consumer products and services, retail & distribution, pharmaceuticals and manufacturing.
Conni Jonsson, managing partner of EQT, said: “We are grateful for the significant vote of confidence in EQT. With the new fund EQT is well equipped to play a role with our industrial approach to Private Equity not only in the Northern European private equity market but also in Greater China”.
As with EQT V, MVision Private Equity Advisers acted as the placement agent on the Greater China II fund, with Clifford Chance as legal counsel.