EQT to sell Swedegas

EQT is planning to sell Swedish gas grid operator Swedegas for an enterprise value in excess of тЌ500m (SEK 4.3bn), according to reports.

EQT has hired Swedish law firm Vinge as legal advisers and Morgan Stanley to advise on the sale, reports Reuters.

The GP wholly acquired Swedish energy gas transmission company Swedegas from EON Ruhrgas, Statoil, DONG Energy and Fortum, via its EQT Infrastructure Fund in December 2009. Nordea and Enskilda provided the debt package to support the transaction.

Based in Gothenburg, Swedegas owns and operates a high-pressure gas transmission network in Sweden.

EQT declined to comment.

The GP expects to launch its second fund in 2025 with a target size of EUR 100m-EUR 125m

Stockholm-based investor is considering divestments, although challenging market remains a barrier

Deal aims to support the baby and children apparel group expand in Asia and the US

Sponsor will invest in the carve-out from the Norwegian business software and IT provider via Fund VIII

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Czech Republic-headquartered family office is targeting DACH and CEE region deals

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds