EQT last week announced its agreement to acquire Australian retirement village provider, Stockland Retirement Living, from Stockland property development group for a consideration of $716.7m.
The acquisition will be made by the private equity firm’s 15.7 billion fund, EQT Infrastructure V.
The fund, which after the acquisition will be 70-75% deployed, is dedicated to five core sectors, namely, energy, transport logistics, environmental, digital, and social infrastructure.
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The fund’s portfolio includes radiation and oncology clinic provider Icon Group, which it acquired in November 2021, in what was the firm’s first infrastructure deal in Australia.
Source: Yahoo Finance
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