· Strong performance across EQT portfolio companies with sales surge 11%
on average and EBITDA up 12% on average
· Successful IPOs in 2013 included MunksjÖ, Sanitec and Japan Home
Centre, and ISS in 2014
· Three new funds closed with total commitments of more than EUR
3.8 billion increasing the investment power of the EQT funds
EQT, one of the leading international private equity groups, concluded a
successful financial year for its funds and portfolio companies. In
2013, sales across EQT’s 60 portfolio companies grew by an average of
11%, and EBITDA increased by an average of 12%. At the end of 2013, the
total number of employees surpassed 500,000. The portfolio companies had
a combined 2013 turnover of more than EUR 25 billion and an aggregated
EBITDA of EUR 2.8 billion.
Thomas von Koch, Managing Partner of EQT since March 1, 2014, said: “I
strongly believe this positive development is directly linked to EQT’s
deep engagement with its portfolio companies, supporting them to become
stronger and more sustainable. I feel both proud and privileged to
manage EQT and hope to make it the most reputable private equity firm in
In 2013, EQT funds acquired or made significant new investments in ten
companies and made four full and three partial divestments through IPOs.
The total enterprise value of the acquired companies was approximately
EUR 3.0 billion and the total enterprise value of the fully divested
portfolio companies was approximately EUR 6.3 billion. So far in 2014,
five further investments were made and one partial divestment (the IPO
of Copenhagen-based global facility services provider ISS).
Conni Jonsson, Chairman of the EQT Holding AB board, said: “Over our 20
years in business, EQT has built a unique platform based on our Nordic
heritage, culture and values. We are now firmly established on three
continents, with four different investment strategies. Strong
governance, highly talented people and a focus on performance,
transparency and a responsible approach to ownership continue to be key
to EQT’s continued development.”
Three funds closed in 2013: the first EQT Mid Market fund closed above
target at EUR 1.054 billion, with a strong commitment from the existing
EQT investor base. The fund focuses on mid-market buyouts and growth
equity investments in Northern Europe, Greater China and Southeast Asia.
EQT’s second infrastructure fund, EQT Infrastructure II, closed at EUR
1.938 billion after 11 months of fundraising and EQT Credit II closed at
EUR 845 million, exceeding the fund’s target of EUR 750 million. All
three funds are managed on-shore in the Netherlands and the UK.
Selected recent EQT portfolio company events
· MunksjÖ merged with Ahlstrom’s Label & Processing business area,
forming a global leader in specialty paper. Shares in the combined
entity were listed on the Helsinki stock exchange.
· Anticimex acquired ISS’ pest control business, significantly
strengthening its global market position.
· Scandic Hotels launched a new hotel chain, HTL, which caters to a new
generation of travelers. It also acquired Norwegian hotel chain Rica,
increasing the total number hotels by almost 50%.
· German online sports retailer internet stores acquired Swedish online
outdoor sports retailer Addnature, creating a joint platform for further
European expansion and growth.
· Bathroom ceramics leader Sanitec and Hong Kong-based discount retailer
Japan Home Centre were successfully listed on the Stockholm and Hong
Kong stock exchanges, respectively.
Portfolio company key figures 2013
Grew 11% on average in 2013 from 2012
Grew 12% on average in 2013 from 2012
More than 500,000 by year end 2013
Sales above EUR 25 billion, EBITDA EUR 2.8 billion|
Total acquisitions EV:
Approximately EUR 3.0 billion|
Total divestments EV (full divestments):
Approximately EUR 6.3 billion|
Celebrating 20 years of company development
In 2014, EQT looks back at 20 years of developing, growing and improving
companies while at the same time building the leading private equity
firm in Northern Europe
. Over this 20-year period, EQT portfolio
companies have, on average, increased sales by 8%, EBITDA by 12% and the
number of employees by 10% each year.
EQT is the leading private equity group in Northern Europe
portfolio companies in Northern and Eastern Europe
and the US with
total sales of more than EUR 25 billion
and over 500,000 employees. EQT
works with portfolio companies to achieve sustainable growth,
operational excellence and market leadership. For further information,
please visit www.eqt.se
This information was brought to you by Cision http://news.cision.comEQT Press Department
+46 8 506 55 356
Source: EQT Holdings AB