1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Unilever PLC
  6. News
  7. Summary
    ULVR   GB00B10RZP78

UNILEVER PLC

(ULVR)
  Report
Delayed London Stock Exchange  -  05/27 11:39:44 am EDT
3475.50 GBX   -0.36%
10:37aUnilever supply chain in Gartner 'Masters' category fourth year running
AQ
08:52aFitch Affirms Unilever at 'A'; Stable Outlook
AQ
05/26Fitch Maintains Unilever's Ratings on Expected Profit Recovery in FY23
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exclusive-EQT seeks 4 billion euros for Polman-advised impact-driven fund

10/20/2021 | 04:56am EDT
Swedish private equity group EQT CEO Sinding poses for a picture in Stockholm

LONDON (Reuters) -Swedish private equity firm EQT is looking to raise 4 billion euros ($4.6 billion) for a fund aiming to create a positive environmental and social impact at its portfolio companies through longer-term investments.

The fund, EQT Future, will invest in "mature companies with market-shaping impact potential" through safeguarding the planet's resources and climate, increasing mental and physical health, and creating equality of opportunity, it said.

Up to 20% of the carried interest - a measure of the fund's profits - will be tied to the portfolio hitting impact-related targets including reducing greenhouse gas emissions and increasing gender diversity within the companies' top 20% of earners, EQT said.

Chief Executive Christian Sinding told Reuters the launch was "an important strategic step".

While a typical private equity fund would hold an investment for three to five years over a 10-year life of the fund, EQT Future would hold positions for seven to eight years over the maximum 15-year life of the fund.

"It means you can think a bit differently about the types of transformation you can actually drive. We'd actually like to find industries and companies where, if we spend that time ... we can impact that whole industry, not just the company," Sinding said.

The fund would target companies in Europe and North America worth at least 400 million euros in sectors including the green, health and education technology sectors, health diagnostics, financial inclusion and decarbonisation, Sinding said.

Also on Wednesday, EQT updated the market on its third-quarter performance, with total assets under management of 70.3 billion euros and investments during the period of 7.7 billion euros.

Commenting on the results, Jefferies analysts said in a note that fundraising in the quarter had been "quieter", but the launch of EQT Future and plans for a buyout fund, EQT X, would likely see that "ramp back up".

EQT Future's investment team of 10 will be led by EQT Partner Anders Misund, with fellow partner Andreas Aschenbrenner as deputy head.

It will be supported by a board of advisers led by the former boss of Unilever and U.N. Sustainability Ambassador Paul Polman, and Jacob Wallenberg, chair of EQT's biggest shareholder Investor AB and vice-chair of ABB.

Investor demand for funds with a focus on fighting climate change and boosting efforts at diversity and other social goals is gathering pace.

In July, U.S. General Atlantic said it was launching a new venture entitled BeyondNetZero https://www.generalatlantic.com/media-article/general-atlantic-forms-beyondnetzero-to-invest-in-growth-companies-delivering-innovative-climate-solutions that would target growth equity investments related to climate change.

The shift comes as governments look to step up their efforts to both cut greenhouse gas emissions and ensure the transition to a low-carbon economy is equitable when they meet for global climate talks in Scotland starting Oct. 31.

($1 = 0.8597 euros)

(Reporting by Simon Jessop Editing by Jan Harvey and Mark Potter)

By Simon Jessop


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD 1.94% 29.36 Delayed Quote.-17.48%
EQT AB (PUBL) 6.53% 280.5 Delayed Quote.-46.59%
INVESTOR AB (PUBL) 4.49% 200.3 Delayed Quote.-19.66%
POLMAN S.A. 0.29% 0.35 End-of-day quote.-30.00%
All news about UNILEVER PLC
10:37aUnilever supply chain in Gartner 'Masters' category fourth year running
AQ
08:52aFitch Affirms Unilever at 'A'; Stable Outlook
AQ
05/26Fitch Maintains Unilever's Ratings on Expected Profit Recovery in FY23
MT
05/25Nestlé Said To Have Explored Possible Purchase Of GSK's Consumer Health Unit
MT
05/24Global energy and funding shocks test climate commitments
RE
05/23Indian Benchmarks End Marginally Lower; JSW Steel Slumps 13%
MT
05/20Inflation crimps Indian firms as rural millions cut spending
RE
05/19European ADRs Move Higher in Thursday Trading
MT
05/19London's FTSE 100 tumbles on global slowdown worries
RE
05/19European shares lower as retailers, food and beverage stocks lead falls
RE
More news
Analyst Recommendations on UNILEVER PLC
More recommendations
Financials
Sales 2022 57 621 M 61 732 M 61 732 M
Net income 2022 5 639 M 6 041 M 6 041 M
Net Debt 2022 23 916 M 25 623 M 25 623 M
P/E ratio 2022 19,5x
Yield 2022 4,16%
Capitalization 104 B 112 B 112 B
EV / Sales 2022 2,23x
EV / Sales 2023 2,14x
Nbr of Employees 148 012
Free-Float 95,5%
Chart UNILEVER PLC
Duration : Period :
Unilever PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNILEVER PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 40,92 €
Average target price 47,14 €
Spread / Average Target 15,2%
EPS Revisions
Managers and Directors
Alan Jope Chief Executive Officer & Executive Director
Graeme David Pitkethly Chief Financial Officer & Executive Director
Nils Smedegaard Andersen Chairman
Richard Slater Chief Research & Development Officer
Nitin Paranjpe Chief Operating, Transformation & People Officer
Sector and Competitors
1st jan.Capi. (M$)
UNILEVER PLC-11.91%111 908
PROCTER & GAMBLE COMPANY-10.45%351 449
THE ESTÉE LAUDER COMPANIES INC.-35.06%85 906
HINDUSTAN UNILEVER LIMITED-1.25%69 029
COLGATE-PALMOLIVE COMPANY-8.41%65 494
RECKITT BENCKISER GROUP PLC-2.59%55 604