Category Archives: News

Piraeus Bank to acquire Ethniki Insurance from CVC

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CVC Capital Partners

Further to the announcement on 06 February 2025, Piraeus Financial Holdings S.A. informs the investment community that its subsidiary Piraeus Bank S.A. (“Piraeus”) has entered into a Share Purchase Agreement (hereinafter “SPA”) to acquire 90.01% stake in the parent company of Ethniki Insurance (the “Transaction”) from CVC Capital Partners Fund VII.

As per the signed SPA, the consideration for the Transaction is €600mn in cash, on a 100% basis.

The Transaction is expected to further diversify the revenue sources of Piraeus, enhancing value creation for shareholders, while it will complement our product range, covering the whole spectrum of banking, protection and investment solutions.

The Transaction is accretive for Piraeus in Earnings per Share (EPS) by circa 5% and Return over average Tangible Book Value (RoaTBV) by circa 1 percentage point and it elevates fee generation to international best-in-class levels, while retaining our competitive cost efficiency aspiration.

Based on the above, and including a 50% distribution payout out of 2025 results and onwards per annum, Piraeus’ proforma total capital position is estimated at circa 18.5% for 2025, anticipated to reach circa 19.5% by 2027 and circa 20% by 2028. This impact translates into a capital ratio with a comfortable Pillar 2 Guidance buffer of circa 250bps in 2025, evolving to above 300bps by 2027 and close to 400bps by 2028. Throughout the period, Piraeus’ CET1 ratio is expected to sustain a level of 13% and higher.

Piraeus intends to achieve a Financial Conglomerate (FICO) status and pursue the application of CRR article 49 (commonly referred to as Danish Compromise) in relation to the prudential treatment of its participation in the share capital of Ethniki Insurance, which, if attained, would expand further our CET1 ratio by circa 50bps.

Ethniki Insurance is a leading composite insurer in Greece, covering the whole spectrum of insurance products with a circa 14.5% market share (circa 17% in life / circa 11% in non-life) and more than €0.8bn Gross Written Premiums (“GWP”), as of 2024.

Ethniki Insurance has €4bn total assets and €0.4bn shareholders’ equity, as of 2023. Ethniki Insurance reported a profit before tax adjusted for non-recurring items of approximately €100mn in 2023 (latest public data).

Ethniki Insurance’s production network extends throughout Greece and consists of owned sales network offices and corporate network insurance agents, as well as collaborating insurance agencies and insurance brokers. The GWP generated by the aforementioned channels comprise the vast majority of the Ethniki Insurance total production, with the remaining coming from its bancassurance channel.

The Transaction is subject to the approvals of the competent regulatory bodies

Piraeus is being advised on the Transaction by UBS Europe SE as exclusive financial advisor, Milliman as actuarial advisor, and by Milbank LLP, as well as Moratis Passas Law Firm and Potamitis Vekris Lawfirm, as international, local legal and competition counsels, respectively.

Disclaimer

Forward looking statements

This release contains forward-looking statements, including, without limitation, statements regarding the potential benefits of the contemplated transaction, expected synergies and the anticipated capital impact. These forward-looking statements are based on the current expectations of Piraeus and are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to, the granting of regulatory approvals, to unforeseen operational challenges or changes in market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, without any obligation by Piraeus to update regarding any future developments. This announcement does not constitute an offer to buy or the solicitation of an offer to sell any securities.

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IK Partners to invest in Seventeen Group

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Partnership III (“IK PF III”) Fund has signed an agreement to acquire a minority stake in Seventeen Group (“Seventeen” or “the Group”), a leading independent insurance and risk management organisation in the UK, from the founding shareholders and management team. This transaction represents IK’s first investment in the UK Insurance market, building on a well-established track record of supporting similar businesses across Europe. Financial terms are not disclosed and completion of the transaction is subject to customary regulatory approvals.

Founded in 1982 and headquartered in London, UK, Seventeen is a multi-disciplinary insurance group which provides a comprehensive range of services, including broking, underwriting, risk and claims management.

The Group comprises:

  • James Hallam, a UK-wide brokerage platform focused on serving commercial, personal, specialty and high-net-worth clients domestically and globally.
  • Touchstone, a specialist independent managing general agency servicing more than 550 brokers.
  • London Re, a joint venture with MRH Trowe and domiciled in Düsseldorf, Germany.

At present, Seventeen operates from 25 offices across the UK, DACH and the Isle of Man, collectively managing around £400 million in premiums.

The investment represents a major milestone in Seventeen’s history. With the support of IK, the Group aims to further accelerate its growth, enhance innovation and leverage technology to capitalise on attractive opportunities in new and existing markets — all while staying true to the core values that have shaped the business to date.

Paul Turner, Executive Chairman and Paul Anscombe, CEO, said: “Seventeen Group is proud to be the UK’s longest-serving independent insurance distribution group of scale. As we enter this next phase of growth, we are delighted to welcome the team at IK who share the passion and belief that our independent model provides a differentiated proposition for our clients, acquisition partners and colleagues. This long-term investment reflects the conviction in our strategy, the opportunities ahead and most importantly, is testament to the hard work of our staff which has enabled a great business to be built.”

Adrian Tanski, Partner at IK and Advisor to the IK PF III Fund, added: “We have been very impressed by Seventeen’s journey to date and believe that the Group is well positioned to continue its strong development, off the back of its strong customer service focus, broad coverage of the value chain and longstanding expertise in the insurance brokerage and underwriting space. We are excited to work with both the Pauls and their team to further develop the Seventeen platform and pursue consolidation opportunities in the UK and beyond.”

For further questions, please contact:

Seventeen Group
Jackie Knight
Group Marketing and Events Director
Phone: +44 (0)7824 486319
jackie.knight@seventeengroup.co.uk

IK Partners
Vidya Verlkumar
Director of Communications and Marketing
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

About Seventeen Group

Founded in 1982 Seventeen Group has developed into a multi disciplined insurance and risk management organisation. From its origins as an entrepreneurial broking and Underwriting agency, Seventeen has been an active investor since 2001 in the UK insurance market. We recognise the potential for the insurance sector to continue developing products and services which facilitate future growth in a changing world. For more information, visit www.seventeengroup.co.uk

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €19 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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EQT to acquire Crown Castle’s Small Cells Solutions business

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Avetta Overview Pic

  • Crown Castle’s Small Cells Solutions business builds and operates small cells nationwide, serving mobile densification needs for cellular carriers
  • Transaction highlights EQT’s active ownership approach by acquiring an attractive, stable core infrastructure platform targeting a substantial market opportunity
  • EQT will aim to further accelerate the Company’s future growth ambitions 

EQT is pleased to announce that the EQT Active Core Infrastructure fund (“EQT”)” has entered into a definitive agreement to acquire Crown Castle Inc.’s (“Crown Castle”) (NYSE: CCI) Small Cells Solutions business (the “Company”) in a transaction valuing it at approximately $4.25 billion.

Crown Castle’s Small Cells Solutions business is a leading builder and operator of digital infrastructure, specializing in the deployment of small cell networks that enhance essential wireless connectivity. The Company operates a nationwide portfolio of approximately 115,000 small cells on air or under contract spread across 43 states, serving the top three U.S. mobile network operators. The Company plays an important role in providing capacity for high-demand areas lacking macro towers through its extensive network of small cells.  

The increasing demand for bandwidth-intensive activities, driven by the proliferation of 5G, IoT, AI, and other emerging technologies, is accelerating the need for network densification. The Company is well-positioned to capitalize on these underlying digitization trends, providing turnkey services that enable carriers to expand coverage, improve network efficiency, and meet growing global mobile data traffic demands. 

“Small cell networks are an essential part of the digital infrastructure ecosystem,” said Alexander Greenbaum, Partner and Head of EQT’s Active Core Infrastructure Advisory team. “This investment is a natural fit within EQT Active Core Infrastructure’s strategy – investing behind long-term contracted, core infrastructure assets with strong growth potential. With EQT’s deep experience in digital infrastructure and active approach to value creation, we see significant opportunity to support the Company’s continued growth.” 

“Crown Castle’s Small Cells Solutions business is a platform at the heart of the next generation of digital infrastructure, enabling essential digital connectivity that will help power the future,” said Nirav Shah, Partner within EQT’s Infrastructure Advisory team. “With its significant scale, operational excellence, and deep carrier relationships, the Company is poised to benefit from positive digital tailwinds. We look forward to partnering with the business to help fuel its next phase of growth, drive cutting-edge innovation, and support the long-term expansion of critical digital infrastructure.” 

With a strong foundation of long-term contracts, operational expertise, and deep-rooted carrier relationships, the Company has firmly established itself as a partner of choice in the U.S.  EQT will support the Company through its next phase of growth by leveraging its global scale and significant experience within the digital infrastructure space to strengthen its asset base and further deepen its relationships with leading mobile network operators. 

Transaction Details 

As part of the transaction, the EQT Active Core Infrastructure fund will acquire Crown Castle’s Small Cells Solutions business, while Zayo, backed by the EQT Infrastructure IV fund and Digital Bridge, will independently acquire Crown Castle’s Fiber Solutions business, as communicated in a separate transaction announcement today. Concurrent with the acquisitions, Zayo and the Small Cells business will enter into a long-term commercial agreement whereby Zayo will provide fiber to the Small Cells business. The total combined value of the Fiber Solutions and Small Cells transaction is $8.5 billion.

The transaction is expected to close in the first half of 2026, subject to regulatory review and other customary closing conditions.

TD Securities served as sole financial advisor and Kirkland & Ellis as legal advisor to EQT in connection with the transaction.

Contact EQT Press Office, press@eqtpartners.com

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EQT completes sale of shares in Galderma Group AG

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  • The sale resulted in aggregate gross proceeds of c. CHF 1.3 billion, of which EQT received c. CHF 354 million

Further to previous announcements, an affiliate of the funds known as EQT VIII (“EQT”) is pleased to announce the completion of the placement of 15,000,000 shares in Galderma Group AG (SIX: GALD) (the “Company”) (the “Shares”) for aggregate gross proceeds of c. CHF 1.3 billion via an accelerated bookbuilding process (the “Placement”).  

As part of the Placement, EQT received gross proceeds of c. CHF 354 million. The Placement was completed on 13 March 2025. BNP Paribas, BofA Securities, Goldman Sachs, Morgan Stanley and UBS acted as joint global coordinators and joint bookrunners for the Placement. 

Contact
EQT Press Office, press@eqtpartners.com

Important notice
This press release does not constitute (i) an offer to sell or a solicitation of an offer to buy any securities of Galderma Group AG or any of its affiliates and it does not constitute a prospectus within the meaning of the Swiss Financial Services Act or (ii) an offer of securities for sale in the United States or elsewhere. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of any of the securities mentioned in this press release in the United States

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram 

About Galderma Group AG
Galderma Group AG is a pure-play leader in the dermatology category, with a presence in approximately 90 countries. It delivers an innovative, science-based portfolio of premium flagship brands and services that cover the full spectrum of the rapidly growing dermatology market. This includes Injectable Aesthetics, Dermatological Skincare, and Therapeutic Dermatology. Since its foundation in 1981, Galderma has dedicated its focus and passion to the human body’s largest organ – the skin – addressing individual consumer and patient needs with superior outcomes in collaboration with healthcare professionals.

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Arlington Capital Partners Forms GRVTY, Defense Technology Company

New platform delivers leading edge solutions to address top national security priorities

ARLINGTON, Va., March 12, 2025 – Arlington Capital Partners, (“Arlington”), a Washington, D.C.-area private investment firm specializing in government regulated industries, today announced the formation of GRVTY, a next generation leader in defense technology solutions for national security priorities across the Department of Defense, Intelligence Community and Homeland Security.

GRVTY supports the U.S. government’s growing intelligence, surveillance, reconnaissance and targeting (ISR&T) challenges with advanced capabilities in geospatial intelligence (GEOINT), signals intelligence (SIGINT) and cyber combined with proven expertise to solve complex national security mission challenges. The company is led by CEO Katie Selbe, who has held senior leadership roles at two prior Arlington portfolio companies.

“At a time when the country is facing an increasingly complex national security environment, it is more important than ever for decisionmakers to receive rapid and trusted intelligence and analysis,” said Katie Selbe, CEO of GRVTY. “GRVTY was created to deliver American dominance from outer space to cyberspace, and I look forward to delivering critical situational awareness to support our customers’ national security missions.”

“GRVTY will deliver innovation at speed and scale to support our national security customers,” said David Wodlinger, a Managing Partner at Arlington Capital Partners. “We plan to provide significant resources to GRVTY as it grows rapidly to become the next major defense technology company.”

GRVTY has over 325 employees across eleven states with primary locations including Arlington, Va., Annapolis Junction, Md., Dulles, Va., Chantilly, Va., Springfield, Va. and St. Louis and has more than $100 million in revenue.

 

About GRVTY

GRVTY is a defense technology company. Our automated ISR&T platforms, software and data solutions help our defense, intelligence and homeland security customers turn insight into action faster and with confidence. Every day, our dedicated employees answer the challenge to rapidly deliver mission and technical expertise to keep America safe and secure. Learn more at www.grvty.com and follow us on LinkedIn.

 

About Arlington Capital Partners

Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government regulated industries. The firm partners with founders and management teams to build strategically important businesses in the government services and technology, aerospace and defense, and healthcare sectors. Since its inception in 1999, Arlington has invested in over 175 companies and is currently investing out of its $3.8 billion Fund VI. For more information, visit Arlington’s website at www.arlingtoncap.com and follow Arlington on LinkedIn.

Media Contacts

Media Contacts

GRVTY:

Ben Ingham

Vice President, Marketing and Communications

bingham@grvty.com

 

Arlington Capital Partners:

Meredith Bishop

Prosek Partners

Pro-arlington@prosek.com

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Internationalisation continues: Equistone-backed BUKO acquires Sweden-headquartered Road Rental Scandinavia AB

Equistone

BUKO Group (“BUKO”), a leading European provider of temporary traffic management, further expands its international presence with the acquisition of Road Rental Scandinavia AB (“Road Rental”). With this strategic step, BUKO strengthens its position in Europe and its ambition to become the market leader in temporary traffic management. After successful acquisitions in Germany and the United Kingdom, BUKO is now entering the Swedish market with the intention to further grow across Scandinavia.

Headquartered in Barendrecht, the Netherlands, BUKO employs nearly 1,000 people across four countries and successfully oversees thousands of projects annually. Founded in 1991, BUKO specialises in temporary traffic management solutions. With its comprehensive portfolio of services – from design, planning, approval, deployment and collection, as well as onsite management of road signage, safety equipment required for roadworks and an innovative range of digital traffic management solutions – BUKO primarily serves contractors and public authorities, active in utility-related and urban/rural roadworks.

Since funds advised by Equistone acquired a majority stake in BUKO in February 2023, the company has pursued a growth strategy focused on building its presence in its home market and targeted expansion into other European countries supported by strong market dynamics. In March 2024, BUKO established a foothold in the attractive UK market by acquiring Road Traffic Solutions, a temporary traffic and event management solutions specialist operating from seven locations and employing 175 people. With the acquisition of Hooke Highways, BUKO further strengthened its position in this key growth market in November 2024. In October 2024, BUKO also entered the German market with the acquisition of BVT Bremer Verkehrstechnik.

With Road Rental, BUKO has found a high-quality and ambitious partner to grow in the attractive Scandinavian markets. Road Rental is a fast-growing specialist in temporary traffic management with 125 of employees, nationwide coverage through 11 depots and a head office in Stockholm. Since its foundation in 2018 by Jimmy Hansson (CEO) and Dennis Gustafsson (COO), the company has developed into a driven organisation with a solid market position, expanding its geographic coverage and customer base year over year. Road Rental is characterised by a strong entrepreneurial spirit, family culture and great commitment to employees.

“With Road Rental, we are bringing in an ambitious and innovative partner that fits seamlessly with our growth strategy and corporate culture,” said Robert Emmerich, CEO of BUKO. “The management team has built an impressive company in a short time, and their energy and customer-oriented approach perfectly match with ours. I am very much looking forward to working with the management team and enthusiastic colleagues to further build a strong position in Sweden as well as other Scandinavian markets.”

Jimmy Hansson, CEO of Road Rental, added: “For us, this is a great opportunity to accelerate our growth ambitions. BUKO not only brings knowledge and experience, but also an international network and resources to further optimize our services. We share the same vision of innovation, quality and good employment practices. Together, we are taking the next step to become a leading player in Scandinavia and beyond.”

Hubert van Wolfswinkel, Partner in Equistone’s Amsterdam office, said: “We are excited to partner with Road Rental as a fast-growing challenger in the Swedish market and continue BUKO’s strategy of becoming the leading temporary traffic management provider across Europe. We deem the Swedish and other Scandinavian markets highly attractive, underpinned by continued strong infrastructure and energy transition investments.”

The Equistone deal team consists of Hubert van Wolfswinkel, Tanja Berg and Josh Aalbers. BUKO was advised by PwC (Financial & Tax), Lindahl and Clifford Chance (Legal) and Roland Berger (Commercial).

PR Contacts

GERMANY / SWITZERLAND / NETHERLANDS

  • IWK Communication Partner
  • Ira Wülfing / Florian Bergmann
  • Tel: +49 (0)89 2000 30 30
  • E-Mail IWK

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3i announces sale of its investment in Shared Tower

3I

3i Group plc (“3i”) today announces the sale of its stake in Shared Tower, held by 3i’s North American Infrastructure Fund. The transaction represents the first exit for the fund and continues to build on 3i’s successful track record in the digital infrastructure sector.

Shared Tower is Canada’s leading developer and owner of carrier neutral communications infrastructure. Operating under long-term contracts, Shared Tower is a preferred partner in Canada, thanks to its flexible, solutions-based approach and consistent track record of reliable project delivery. The company makes its infrastructure solutions available to all networks, providing speed-to-market and a reliable service for customers.

3i made an initial investment in 2022 as Shared Tower’s first institutional investor. The investment helped capitalise the company’s pipeline of tower development opportunities and allowed Shared Tower to expand its operations and team. Over 3i’s hold period, the company tripled the size of its tower portfolio and successfully expanded into other passive network infrastructure solutions.

 

-Ends-

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For further information, contact:

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

 Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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Plastiflex strengthens its position with the acquisitions of Smooth-Bor and TIK

Beringen, Belgium – Plastiflex Group N.V. (“Plastiflex”, “Plastiflex Group” or “the Group”), a leading manufacturer of high-end tubing systems and custom components is pleased to announce that it has made two transformational acquisitions with the addition of both Smooth-Bor Plastics (“Smooth-Bor”) and TIK d.o.o. (“TIK”). These investments will further enhance the global growth and technological leadership profile of Plastiflex by consolidating the Group’s strong position in the fast-growing respiratory care market and by adding new end-markets with high growth potential to its fluid management segment (such as filters or bloodlines for dialysis patients).

A Strengthened Group

The acquisition of Smooth-Bor strengthens Plastiflex’s leading position in tubing systems for the rapidly- growing respiratory care market, while the acquisition of TIK provides Plastiflex entry to the catheter manufacturing market to complement its current healthcare fluid management offering. The Group will now have 12 manufacturing facilities globally, with 7 dedicated healthcare facilities in North America (USA and Mexico), EMEA (Germany, Slovenia and Turkey) and Asia (China and Malaysia).

Since IK Partners’ investment in 2021, Plastiflex Group has accelerated its buy-and-build strategy, making a total of four add-on acquisitions in the Healthcare sector. At present, the Group expects to generate approximately €200 million in sales and roughly €50 million in EBITDA in 2025, with the vast majority derived from customers in the sector. Plastiflex envisions a clear trajectory to continue its growth, aiming to double its sales in the coming years by leveraging its current footprint and client portfolio in these fast-growing end markets while continuing to execute on its buy-and-build strategy.

Smooth-Bor

Founded in 1971 and headquartered in California, USA, Smooth-Bor is a leading healthcare company, specialised in the production of corrugated heated tubes for continuous positive airway pressure (“CPAP”) devices, as well as other tubing systems and masks for the respiratory care market with a specialisation in sleep apnoea. The company employs over 100 people who are based across its manufacturing sites in North America and Malaysia.

Through the partnership with Smooth-Bor, Plastiflex will be able to further consolidate its leading position in the market and utilise additional production capacity in USA and Southeast Asia, in line with the Group’s operational strategy of regional self-sufficiency.

Smooth-Bor will continue to be led by CEO Eric Carlson as well as President and CFO Steve Caiozzo.

TIK

Established in 1971 and headquartered in Kobarid, Slovenia, TIK is a leading manufacturer of disposable medical devices, specialised in the production of coated urethral catheters and follicle aspiration needles. The company also produces a wide range of tubing systems for other applications in the field of respiratory care, gynaecology and gastroenterology. At present, TIK employs over 90 people.

By joining forces with TIK, Plastiflex will be able to further extend its product portfolio in the fluid management market space and utilise additional production capacity in Europe, in line with the Group’s operational strategy of regional self-sufficiency.

TIK will continue to be led by Managing Director Petra Borovinšek, who has been in place since 2018.

Piet Gruwez, CEO of Plastiflex, said: “We’re delighted to announce the acquisitions of Smooth-Bor and TIK as we continue to strengthen Plastiflex’s as a leading medical device manufacturer of tubing systems. The acquisition of Smooth-Bor will further strengthen our leadership position in the fast-growing respiratory care market, while the acquisition of TIK provides us with access to the catheter manufacturing market, a market with huge growth potential for the group. We look forward to working closely with the employees of both companies to integrate them fully within the ever-evolving Plastiflex Group.”

Eric Carlson, CEO of Smooth-Bor Plastics, commented: We are very happy about the further development of Smooth-Bor within this strategic partnership with the Plastiflex Group and we are convinced that, together, we will be able to offer a further enhanced product portfolio to all our customers across the globe.”

Petra Borovinšek, Managing Director of TIK, added: “We are thrilled to be joining forces with Plastiflex, leveraging our shared experience to continue sales growth in Europe, further enhance our product portfolio and reinforce the Group’s position as an indispensable partner to distributors.”

For further questions, please contact:

Plastiflex Group
Piet Gruwez
Chief Executive Officer
Phone: +32 11 45 03 99
piet.gruwez@plastiflex.com

About Plastiflex Group

Since its foundation in 1953, the Plastiflex Group (“Plastiflex”) has become one of the world’s leading suppliers of components and high-end customised tubing systems for customers in the medical and industrial technology sectors. Plastiflex, headquartered in Beringen, Belgium, is globally active and employs more than 1,400 people across it 12 international production sites and other subsidiaries. For more information, visit: http://www.plastiflex.com/

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About Smooth-Bor Plastics

Established in California in 1971 as a family-owned business, Smooth-Bor Plastics now operates as a second-generation producer of innovative tubing solutions and stands as one of the global leaders in the realm of heated tubes with more than 100 employees across the 2 production facilities. For more information, visit: https://www.smoothborplastics.com/

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About TIK d.o.o.

Established in Kobarid, Slovenia in 1951, TIK d.o.o. (“TIK”) has been transformed from the original company of needle production to the current medical device manufacturer, focusing on the production of different types of catheters in urology, respiratory therapy and gastroenterology as well as follicle aspiration needles in gynaecology. TIK has a flexible organization with 90 employees, fully compliant with ISO 13485:2016 for manufacturing medical devices with clean rooms area of 1.500 m2 and a strong in-house R&D with complete production process done on site. TIK has sales in more than 30 countries all over the world. For more information, visit: https://tik.si/en/

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EQT AB resolves on repurchase of own ordinary shares

eqt

EQT Group Office

The Board of EQT AB (“EQT”) has resolved to repurchase a maximum of 4,931,018 own ordinary shares.

  • The resolution is made by virtue of the authorization granted by the Annual Shareholders’ Meeting held on 27 May 2024 to repurchase own shares.
  • A maximum of 4,931,018 ordinary shares (0.4% of EQT’s share capital) are to be repurchased, and the total maximum amount is SEK 2,500,000,000.
  • The repurchase corresponds to approximately SEK 1,464m based on the closing price for EQT’s share on Nasdaq Stockholm on 11 March 20251.
  • Repurchases may be made during the period 12 March – 16 May, 2025.
  • As previously communicated, EQT expects to execute share buyback programs twice a year to offset – over time – the dilution impact from shares delivered to EQT’s employees under its Share and Option incentive programs.
  • Together with the share buyback program completed in August 2024, the buyback corresponds to the maximum potential dilution for the 2024 Share and Option incentive programs.

Purpose and terms
The purpose of the repurchase program is to adjust EQT’s capital structure (by way of cancellation of shares). The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The repurchase program will be managed by Skandinaviska Enskilda Banken AB (“SEB”) that, based on the trading order given by EQT to SEB, makes its trading decisions regarding timing of the acquisitions independently of EQT.

The repurchase program resolved by the Board is subject to the following terms:

  1. Repurchases may only be effected on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rulebook for Issuers of Shares (the “Rulebook”) as well as in accordance with MAR and the Safe Harbour Regulation.
  2. Repurchases may be made on one or several occasions during the period 12 March – 16 May, 2025.
  3. Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm, and in accordance with the restrictions relating to price in the Safe Harbour Regulation.
  4. Repurchases may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation.
  5. A maximum of 4,931,018 own ordinary shares may be repurchased for a total maximum amount of SEK 2,500,000,000.
  1. Payment for the shares shall be made in cash.

The number of shares in EQT as of the date of this press release is set out in the table below.

Ordinary shares Class C shares2 Total
Number of issued shares3 1,241,510,911 496,056 1,242,006,967
Number of shares owned by EQT AB4  59,924,191 – 59,924,191
Number of outstanding shares 1,181,586,720 496,056 1,182,082,776

1) SEK 296.8 / share.
2) Carry one tenth (1/10) of a vote. Includes 385,499 C shares reclassified to ordinary shares resolved by the Board on 11 March 2025, pending registration.
3) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB.
4) EQT AB shares owned by EQT AB are not entitled to dividends and carry no votes at shareholders’ meetings.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), 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 more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

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Charterhouse announces partnership with leading French fire safety and security systems provider ESTYA

Charterhouse

Charterhouse Capital Partners (“Charterhouse”), one of the longest-established private equity firms operating in Europe, today announces that it has agreed to acquire ESTYA, formerly ERIS (“the “company”). Charterhouse will invest in partnership with ESTYA’s management, who are reinvesting in the company, and alongside Chequers Capital, who will remain a significant shareholder following an initial investment in 2021. The transaction is subject to customary regulatory approval.

Founded in 1974, ESTYA, is a leading French services provider specialising in electronic fire safety and security systems with a comprehensive offering across electronic fire detection, smoke extraction and compartmentation, gas detection and electric security. Headquartered in Paris, the company delivers circa €120m in revenue, across 15 agencies in France, and has tripled in size since 2021, having completed seven acquisitions during that period of time.

ESTYA’s leadership, including CEO and Founder Ludovic Goëta, are committed to supporting the firm’s next stage of growth alongside Charterhouse and Chequers Capital. Through this partnership, and in alignment with ESTYA’s management, Charterhouse will apply its expertise in professionalising, internationalising, and transforming services businesses through organic growth and M&A initiatives across France and other key European geographies.

Charterhouse pursues pan-European mid-market opportunities in two core sectors of focus: Services and Healthcare. It targets businesses that feature ‘defensive growth’ characteristics, combining strong market positions with sustained earnings growth, with the potential for transformation. Its investment in ESTYA is closely aligned with this investment strategy, and follows recent investments in Metrodora, a leading Spanish education group for healthcare professionals, Skin Tech Pharma Group, a B2B medical aesthetics group, and Two Circles, a leading tech-enabled services and software business serving sports and entertainment clients, which were agreed in 2024.

Cédric Barthélemy, Partner at Charterhouse said: “We have been following ESTYA’s journey closely for some time and have been truly impressed by what Ludovic and his team have achieved to date. As a fast-growth, high quality and resilient mid-market company, ESTYA is exactly the type of business that we like to back at Charterhouse. We are delighted to combine our expertise in transforming local leaders in the services sector into international champions with the talented management team and Chequers Capital, to reinforce ESTYA’s leading market position and support Ludovic’s long-term growth ambitions.”

Ludovic Goëta, CEO and Founder at ESTYA, said: “At ESTYA, we are focused on providing mission critical services to our customers across the electronic fire safety and security system value chain. We have grown strongly in recent years and are confident that Charterhouse is the right partner, alongside Chequers Capital, to take us into our next stage of growth across France and into new European markets.”

Aurélien Klein, Managing Partner at Chequers Capital

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