EQT to acquire a majority stake in Ellab from IK Investment Partners
07 August 19
Today, Ellab announces that IK Investment Partners and EQT have entered into an agreement to transfer the ownership of Ellab. The press releases from IK and EQT can be downloaded via the links below.
Ellab’s management is very excited about the transaction and is looking forward to continuing on the next chapter in the Ellab story.
Financial terms of the transaction are not disclosed. The transaction is subject to customary regulatory conditions and approvals and it expected to be completed within the next two months.
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
For more info: www.eqtpartners.com
About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than 10 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.
For more info: www.ikinvest.com