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M&A Deal Summary

EQT Acquires Broadnet

On February 1, 2012, private equity firm EQT acquired communications company Broadnet

Acquisition Highlights
  • This is EQT’s 4th transaction in the Communications sector.
  • This is EQT’s 4th transaction in Norway.
Investment Fate
  • Broadnet merged with another company in 2018.

M&A Deal Summary
Date 2012-02-01
Target Broadnet
Sector Communications
Buyer(s) EQT
Deal Type Buyout (LBO, MBO, MBI)

Target

Broadnet

Fornebu, Norway
Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market. Broadnet was founded in 2003 and is based in Fornebu, Norway.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 96 of 320
Sector: Communications M&A 4 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 40 of 85
Country: Norway M&A 4 of 13
Year: 2012 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Lundhags Skomakarna AB

Järpen, Sweden

Lundhags Skomakarna AB offers functional products with high quality and compelling design for active outdoor use. Product range covers footwear, clothing, backpacks and Nordic skating equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 ECON Healthcare

Singapore, Singapore

Econ Healthcare is one of the largest elderly care service providers in the region, operating nine medicare centers and nursing homes in Singapore and two in Malaysia. The Company also owns and manages a hospital, a chain of health and wellness centers (under the ECONLIFE! Hub brand), and a care skill training center. ECON Healthcare is based in Singapore.

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