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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  EQT AB    EQT   SE0012853455

EQT AB

(EQT)
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EQT : Sale of EQT Credit to Bridgepoint completed

10/26/2020 | 03:01am EST

Following the signing of a definitive agreement in June 2020 to sell the Credit business segment to Bridgepoint (the "Transaction"), EQT AB ("EQT") today announces that the Transaction has been completed. All necessary closing conditions, including regulatory, anti-trust and fund investor clearances, have been achieved. The Transaction concludes the review of future strategic options for the business segment and gives Credit a new owner to support its growth prospects. It also permits EQT to further focus its efforts on building scalable value-add strategies focused on active ownership.

The proceeds will be used to continue to deliver on EQT's defined growth strategy. The Credit business segment was reported as discontinued operations in the half year 2020 report.

JP Morgan has acted as financial advisor and Kirkland & Ellis and Travers Smith as legal advisors to EQT on the Transaction.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
Nina Nornholm, Head of Communications, +46 70 855 03 56
EQT Press Office, press@eqtpartners.com

About EQT
EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 75 billion since inception and currently more than EUR 46 billion in assets under management across 16 active funds within two business segments - Private Capital and Real Assets.

With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn (http://www.linkedin.com/company/508278), Twitter (https://twitter.com/eqt), YouTube (https://www.youtube.com/channel/UCPkDSny24x66By2G2_B1Okw/featured) and Instagram (https://www.instagram.com/eqtgroup/)

https://news.cision.com/eqt/r/sale-of-eqt-credit-to-bridgepoint-completed,c3225204

https://mb.cision.com/Main/87/3225204/1325886.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 656 M 798 M 798 M
Net income 2020 229 M 278 M 278 M
Net cash 2020 888 M 1 081 M 1 081 M
P/E ratio 2020 82,1x
Yield 2020 1,21%
Capitalization 18 495 M 22 474 M 22 508 M
EV / Sales 2020 26,8x
EV / Sales 2021 16,7x
Nbr of Employees 651
Free-Float 26,2%
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Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 16,28 €
Last Close Price 19,40 €
Spread / Highest target 0,37%
Spread / Average Target -16,1%
Spread / Lowest Target -43,3%
EPS Revisions
Managers
NameTitle
Christian Otto Sinding Chief Executive Officer & Managing Partner
Yngve Conni Jonsson Chairman
Caspar Mats Andreas Callerström Chief Operating Officer & Deputy CEO
Kim Henriksson Chief Financial Officer
Finn Anders Egil Rausing Independent Director
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