Venture capitalist EQT launches €1.1 billion fund to boost tech startups
Sweden's EQT Ventures is on the lookout to scale European startups through its recent €1.1 billion fund.
Many companies are struggling to find adequate funding as investors have a reduced appetite for funding startups. However, some are in luck due to the long-term funding of venture capitalis... Read more
Dutch telecom provider KPN turns down two billion-dollar bids
KPN has rejected takeover bids from two different parties. Both a consortium of EQT and Stonepeak Infrastructure Partners and rival company KKR had made billion-dollar bids for the Dutch telecom provider.
The bids were possibly as high as 18 billion euros, according to the Financial Times. KPN t... Read more
German Linux company SUSE prepares pre-summer IPO
The Swedish investment firm EQT stands behind the $9 billion offering
Frankfurt-based SUSE is targeting a pre-summer initial public offering valued at 7-8 billion euros ($8.3-9.5 billion), according to Reuters. Quoting sources close to the deal, Reuters reports that SUSE's owner, buyout group EQ... Read more
Owner IFS buys ERP provider Acumatica
EQT Partners, owner of IFS, has attracted another ERP provider with Acumatica. As a result, the two companies ERP suppliers will work closely together. Acumatica is a cloud-native ERP vendor focused on SMEs.
EQT used the same $45 billion investment fund that it used to buy IFS in 2016, says CEO Darr... Read more
Suse returns to being an independent company for the first time in a long time
Suse, the company behind one of the oldest Linux distributions, today announced that it is independent again. The company, which provides open-source infrastructure and applications, has been acquired from Micro Focus by growth investor EQT for $2.5 billion (â‚¬2.2 billion).
There are few compan... Read more