To future-proof companies and make a positive impact
EQT Group
€0m
in adjusted revenue 2020 29% adjusted revenue CAGR
(last 3 years)
€0m
in adjusted EBITDA 2020 42% adjusted EBITDA CAGR
(last 3 years)
0+
employees with >40 nationalities
0%
electricity from renewable energy sources in EQT’s offices
EQT funds
€0bn
in AUM
0
portfolio companies
0
employees in portfolio companies
0+
fund investors
0
active funds
Offices in
17 countries
- Amsterdam
- Berlin
- Copenhagen
- Helsinki
- Hong Kong
- London
- Luxembourg
- Madrid
- Milan
- Munich
- New York
- Oslo
- Paris New!
- San Fransisco
- Shanghai
- Singapore
- Stockholm
- Sydney New!
- Tokyo New!
- Zurich
- Amsterdam
- Berlin
- Copenhagen
- Helsinki
- Hong Kong
- London
- Luxembourg
- Madrid
- Milan
- Munich
- New York
- Oslo
- Paris New!
- San Fransisco
- Shanghai
- Singapore
- Stockholm
- Sydney New!
- Tokyo New!
- Zurich
2020
2020
in brief
Key events
- EQT AB adopted its Statement of Purpose, establishing EQT’s purpose, vision and mission.
- EQT joined forces with Exeter, creating a global leader in value-add real estate.
- Credit was divested and EQT is now solely focused on active ownership strategies.
- EQT joined the Science Based Targets initiative.
- ESG-linked credit facilities established.
- EQT Growth invested in Wolt, its first investment, financed via EQT AB’s balance sheet.
- Offices opened in Paris, Sydney and Tokyo.
- Ongoing evaluation of long-hold strategy and preparations for APAC strategy announcement.
Key events include 2020 and Q1 2021
- AUM increased by 46% or by €16.5 bn, to €52.5 bn.
- Real Estate II closed at €1 bn hard cap.
- Key funds activated:
- EQT IX
- EQT Infrastructure V
Assets under management (AUM)
Letter from the Chairperson
“Preparing for what comes next”
Conni Jonsson
Founder and Chairperson
Needless to say, 2020 was an eventful year: Australian wildfires, drawn-out Brexit discussions, strained China-US relations, political turmoil which shone new light on long-standing inequalities, and of course, Covid-19. The pandemic sparked a new level of disruption that has shaken societies and economies to the core and the long-term consequences are yet to be seen.
Letter from the CEO
“Delivering shareholder value through societal impact”
Christian Sinding
CEO and Managing Partner
One of the first things I do when looking ahead to a new year is ask: what can we do better? This is an integral part of EQT’s culture - reflecting on how to continuously improve and drive performance, as individuals, as teams, across the portfolio companies and as a firm. This year, I want to be even bolder and ask: how can we, as an industry, do better and make a greater positive impact?
EQT’s purpose journey
Since inception in 1994, EQT has taken an active ownership approach based on the mindset of being “more than capital”. EQT’s growth and our journey towards making a positive impact are intertwined. Each reinforces the other and as such are essential for our continued success. At EQT, our purpose is to future-proof companies and make a positive impact.
Towards accelerated action and positive impact at scale
2020
2015
Increased sustainability awareness
2014
The most reputable investor and owner
2010
Early signatory to the PRI
2007
Core values
1994
More than capital
Read more about EQT journey towards accelerated action and positive impact at scale.
Business segments
EQT has established six investment strategies (business lines), organized into two business segments – Private Capital and Real Assets. EQT is solely focused on active ownership strategies where EQT can future-proof companies and make a positive impact, and at the same time, leverage the strengths and scalability of EQT’s operating platform.
Private Capital
Private Capital is EQT’s largest business segment with EUR 33.1 billion in AUM, representing 63 percent of EQT’s total AUM. Private Capital comprises four business lines: Ventures, Growth, Private Equity and Public Value. EQT has grown its Private Capital segment rapidly while achieving strong returns throughout its history.
€0.0bn
AUM
0.0x
Realized Gross MOIC1)
0%
Net IRR1)
0
No. of FTE+
1) Includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group, excludes Public Value.
Ventures
Growth
Private Equity
Public Value
Real Assets
Since its establishment in 2008, the Real Assets segment has grown to EUR 19.3 billion in AUM, representing 37 percent of EQT’s AUM. Real Assets comprises two business lines: Infrastructure and Real Estate. In January 2021, EQT announced it will join forces with Exeter Property Group to create a global champion within value-add real estate.
€0.0bn
AUM
0.0x
Realized Gross MOIC1)
0%
Net IRR1)
0
No. of FTE+
1) Includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group.
Infrastructure
Real Estate
Exeter
Thematic and sector-based approach
EQT applies a thematic mindset in deal sourcing. Guided by underlying macro trends, EQT targets high-quality companies with sustainable growth potential in attractive industries with secular growth drivers and strong downside protection. EQT targets the sectors where EQT’s expertise can make a change and where we can be part of the solution to significant challenges of our time.
Key themes
- Automation
- Big data
- Digitalization
- E-commerce
- Sustainability
- Urbanization
- Ageing population
- Connectivity
Key sectors per business segment
EQT Private Capital
- Healthcare
- Technology
- Tech-enabled services
- Industrial businesses
EQT Real Assets
- Social infrastructure
- Telecommunications
- Energy
- Transport & Logistics
- Environmental infrastructure
Thematic investments signed in 2020
Based on investment size
€12.9bn
- TMT, 59%
- Healthcare, 19%
- Transport & Logistics, 8%
- Services, 6%
- Industrial Technology, 3%
- Other, 5%
“By combining the thematic investment approach and our purpose of future-proofing companies, we aim to make a positive impact.”
Lennart Blecher
Head of Real Assets Advisory Team
“A fundamental question we need to ask ourselves is: Does this company make the world a better place?”
Per Franzén
Co-Head of EQT Private Equity Advisory Team
Sustainability
By considering sustainability as an integral part of its business model, EQT and the EQT funds’ portfolio companies can identify and capture value creation opportunities as well as mitigate risks. In doing so, EQT will drive change and play an active role in developing regenerative solutions needed for the future.
Clean & Conscious
In 2020, EQT committed to the Science Based Targets initiative to set greenhouse gas emissions reduction targets in line with the Paris Agreement, also covering EQT funds’ portfolio companies. At year end, 31 portfolio companies, in total representing 20,000 sites across 50 countries, had also initiated a detailed energy usage assessment and 19 companies started to evaluate renewable energy alternatives.
