HONG KONG, Dec. 15 /Xinhua-PRNewswire/ -- EQT, a leading private equity
group with operations in Greater China and Northern Europe, is pleased to
announce that it has received commitments of USD 545 million for the EQT
Greater China II fund ("EQT Greater China II" or the "Fund"), a fund
focussed primarily on mid-market buyout and control investments based in or
connected with China, Hong Kong and Taiwan ("Greater China").
EQT Greater China II's commitments are comprised of investors from a
broad range of global institutional investors, family offices and endowments
from the US and Europe and has received significant support from the EQT and
Investor AB network. In addition, Investor AB has committed at least USD
200 million to the Fund.
EQT Greater China II will be one of the Greater China region's largest
mid-market funds focused specifically on control investments, and is a
continuation of the strategy established by Investor Capital Partners --
Asia Fund, L.P., the predecessor fund which closed in 2000.
The Fund will seek to invest in companies where EQT, in partnership with
management, can create a specific industrial angle and deploy its unique
industrial know-how and network of senior industrialists, to accelerate
growth, and create value. The Fund will focus on the fast growing sectors of
branded consumer products and services, retail & distribution,
pharmaceuticals and manufacturing.
Conni Jonsson, Managing Partner of EQT Partners AB, said: "We are
grateful for the significant vote of confidence in EQT. With the new fund
EQT is well equipped to play a role with our industrial approach to Private
Equity not only in the Northern European private equity market but also in
Greater China".
Winnie Fok, Chief Executive of EQT Partners Asia said "We are extremely
happy to have gained support from such strong and seasoned investors. With
well-developed relationships in Greater China, and an extensive
international network of industrial partners and advisors, we are well-
positioned to deliver on-going success in this dynamic region."
MVision Private Equity Advisers acted as global placing agent and
Clifford Chance was legal counsel to EQT Greater China II.
This press release is not an offer of securities for sale in the United
States or any other jurisdiction and interests in the Fund may not be
offered or sold in the United States or any other jurisdictions save in
accordance with applicable law.
About EQT:
EQT is a group of private equity funds that manages approximately � 6.5
billion in equity in 9 funds. EQT Partners, acting as investment advisor to
all EQT funds, has offices in Stockholm, Copenhagen, Helsinki, Frankfurt,
Munich and Hong Kong. EQT realises its business concept by acquiring and
developing high-quality medium sized companies in Northern Europe and
Greater China. EQT serves as an active owner and works in close co-
operation with the management of the companies it acquires, to develop and
implement value-enhancing strategies. In total EQT has invested in about 50
companies.
Contact:
Winnie Fok
Chief Executive
EQT Partners Asia Limited
Tel: +852-2801-6823
