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

EQT AB

(EQT)
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EQT : Swedish Private-Equity Firm EQT Buys Majority Stake in SaaS Provider Thinkproject

11/16/2020 | 03:55am EST

By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Monday that it has acquired a majority stake in thinkproject, a European software-as-a-service provider of construction intelligence solutions for the architecture, engineering, construction and owner-operated industry.

The EQT IX fund has acquired the stake from TA Associates and thinkprojects founder Thomas Bachmaier.

Founded in 2000 and headquartered in Munich, thinkproject serves more than 250,000 users in over 60 countries. The company employs around 450 people and its software is used by 2,750 customers across international private and public asset owners, project developers, and general contractors.

Financial terms weren't disclosed.

EQT IX has a target fund size of 14.75 billion euros ($17.46 billion) with a hard cap for investor commitments of EUR15 billion, it said.

With this transaction, EQT IX is expected to be 15%-20% invested, based on its target fund size, EQT added.

The deal is expected to close by year end.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-16-20 0354ET

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Financials
Sales 2020 668 M 809 M 809 M
Net income 2020 236 M 286 M 286 M
Net cash 2020 896 M 1 085 M 1 085 M
P/E ratio 2020 99,4x
Yield 2020 0,94%
Capitalization 24 144 M 29 280 M 29 240 M
EV / Sales 2020 34,8x
EV / Sales 2021 21,4x
Nbr of Employees 653
Free-Float 26,2%
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Mean consensus HOLD
Number of Analysts 8
Average target price 20,07 €
Last Close Price 25,33 €
Spread / Highest target 13,4%
Spread / Average Target -20,7%
Spread / Lowest Target -38,4%
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Managers and Directors
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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