"The pandemic is impacting every society and every business across the globe, and this calls for responsible and active ownership. EQT's portfolio companies are also affected, one way or the other, but given our thematic approach, the portfolio remains relatively robust. Furthermore, based on our experience from previous crises, the portfolio companies have prepared for a potential downturn and even though the magnitude of COVID-19 was unpredictable, having contingency plans in place is helping the companies respond faster.
The situation also impacts
Volatile market environment - thematic portfolio relatively stable in Q1
HIGHLIGHTS DURING THE FIRST QUARTER 2020
·
Total investments by the EQT funds in the quarter amounting to
· A few thematic investments made in early 2020 including Deutsche Glasfaser in
· Total gross fund exits in the quarter amounted to
· Current focus on developing existing portfolio companies further until market recovery
· EQT IX hard cap set at
· Expected value creation (Gross MOIC) remains "On plan" in key funds in
· Fund performance in key funds supported by thematic investment strategy - average like-for-like value decrease during the quarter of approximately 5 percent
· VAT ruling announced by the
·
· We opened an office in
· We initiated a strategic review of business segment Credit, which is ongoing
HIGHLIGHTS DURING THE LAST TWELVE MONTHS (COMPARED TO LTM ENDING
·
Total fund investments of
· Investment level in key funds as of
· Total gross fund exits of
· Fee-generating AUM of
· Number of full-time equivalent employees and on-site consultants (FTE plus) amounted to 731 (611) at the end of the period, of which FTEs amounted to 675 (559)
EVENTS AFTER THE REPORTING PERIOD
·
EQT VIII entered into exclusive negotiations to acquire Schülke, a leading provider of infection prevention solutions. Supporting
· EQT Infrastructure IV, through a controlled entity, issued a notice with the intention to terminate the acquisition of
· Per Franzén, Co-Head Private Equity, was elected to the Executive Committee as of
Presentation of
A telephone conference will be held at
At the telephone conference,
To participate, please use the following dial-in details below, at least 10 minutes in advance.
Confirmation Code: 99578002
The telephone conference can be followed live on www.eqtgroup.com/shareholders/financial-reporting and a recording will also be available afterwards.
Information on
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group's development, EQT will publish quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq's guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors will be published. Finally, EQT will also publish an annual report including sustainability reporting.
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
EQT Shareholder Relations, shareholderrelations@eqtpartners.com
This is information that
About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors and strategies. With strong values and a distinct corporate culture, EQT manages and advises funds and vehicles that invest across the world with the mission to generate attractive returns to the fund investors.
EQT's talent base and network allow it to pursue a thematic investment strategy and distinctive value creation approach, with the aim of future-proofing the companies which EQT invests in, creating superior returns to EQT's investors and making a positive impact with everything EQT does.EQT has more than
More info: www.eqtgroup.com
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