Private Equity · Profile from Private Equity Research Companion
EQT
The Wallenberg-sphere Swedish investor that became Europe's largest listed private-markets firm — industrial roots, thematic investing, and a "purpose-driven" brand built on governance and operational improvement.
At a glance
- Founded
- 1994, Stockholm
- Founders/backers
- Conni Jonsson (founder and first managing partner), backed by Investor AB (Wallenberg family's investment company), with SEB (Skandinaviska Enskilda Banken) and AEA Investors as co-founding shareholders
- Headquarters
- Stockholm, with major hubs in London, New York, Munich, Amsterdam, Hong Kong, Singapore, Tokyo, Mumbai
- Listing
- Nasdaq Stockholm (EQT), IPO September 2019 at SEK 67
- AUM
- ~€270bn total AUM, ~€140bn+ fee-generating (reported, 2025)
- Strategies
- Private Capital (EQT flagship, Mid-Market, Growth, EQT Private Capital Asia/BPEA), Infrastructure (Value-Add, Active Core, Transition), Real Assets (Exeter), Ventures, Life Sciences, Healthcare growth, Secondaries/continuation
- Flagship fund (latest)
- EQT X — ~€22bn (closed 2024); EQT Infrastructure VI — ~€21.5bn (closed 2024)
12 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2005
ISS
Public-to-Private Buyout
2011
Dometic
Secondary Buyout
2015
IFS
Public-to-Private Software Buyout
2016
Sitecore
Majority Growth Buyout
2018
SUSE
Corporate Carve-out
2019
Aldevron
Growth Buyout
2019
Galderma
Corporate Carve-out
2019
Kodiak Gas Services
Infrastructure Buyout
2019
Waystar
Secondary Buyout
2020
Zayo Group
Infrastructure Take-private
2022
Baring Private Equity Asia
GP-Level Acquisition
2023
Dechra Pharmaceuticals
Public-to-Private