A group led by private-equity company EQT is acquiring a minority stake in banking-software firm Mambu, a deal that values the financial-technology company at more than $5.3 billion, the companies said.
The investment is the latest bet on European technology providers that are taking advantage of the switch to digital-banking services by consumers and businesses.
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EQT is a purpose-driven global investment organization with more than 70bn in assets under management, across 27 active funds. EQT has portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately 29bn and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Source: Wall Street Journal
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