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2014-05-13

EQT Holdings AB: Strong Performance Across the EQT Portfolio Companies

· 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 the world."

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 internetstores 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

Sales: Grew 11% on average in 2013 from 2012
EBITDA: Grew 12% on average in 2013 from 2012
Employees (FTE): More than 500,000 by year end 2013
Consolidated: Sales above EUR 25 billion, EBITDA EUR 2.8 billion
Acquisitions: 10
Total acquisitions EV: Approximately EUR 3.0 billion
Divestments/Listings: 7
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.

Contacts:

EQT Press Department
+46 8 506 55 356

About EQT
EQT is the leading private equity group in Northern Europe, with
portfolio companies in Northern and Eastern Europe, Asia 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
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http://news.cision.com/eqt-holdings-ab/r/strong-performance-across-the-e...
http://mb.cision.com/Main/87/9583958/243924.pdf

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