Swedish private equity giant EQT is targeting further acquisitions to accelerate growth and better compete in tough markets, CFO Kim Henriksson told Reuters on Thursday.
“We intend to take part in the consolidation in this industry, which has just started,” Henriksson said in an interview after EQT reported its 2023 results. “We’re not done,” he added.
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EQT has struck major deals in the past – including buying Asian investment firm Baring Private Equity Asia in 2022 – to help create one of Europe’s biggest private equity firms.
Henriksson said it would look primarily at “bolt-on” deals – for instance to accelerate its growth in certain locations – but would not rule out more transformational acquisitions.
Source: LSE
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