M&A Deal Summary

EQT and Atwater Capital Acquire Freepik

On May 28, 2020, private equity firms EQT and Atwater Capital acquired information technology company Freepik

Acquisition Highlights
  • This is EQT’s 18th and Atwater Capital’s 1st transaction in the Information Technology sector.
  • This is EQT’s 7th and Atwater Capital’s 1st transaction in Spain.

M&A Deal Summary

Date 2020-05-28
Target Freepik
Sector Information Technology
Buyer(s) EQT
Atwater Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Drake Star Partners
Deloitte (Financial)

Target

Freepik

Málaga, Spain
Freepik is transforming the freemium visual content and online graphic design market, Freepik's innovative freemium business model, yielding a superior price-to-quality value proposition. Freepik was formed in 2010 and is based in Málaga, Spain.

Search 197,704 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B 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 226 of 297
Sector (Information Technology) 18 of 26
Type (Buyout (LBO, MBO, MBI)) 68 of 79
Country (Spain) 7 of 9
Year (2020) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Schülke

Norderstedt, Germany

Schülke develops, produces, and distributes antiseptics for wound care, disinfectants, medical and cosmetic skin care products, and preservatives. The company offers its customers innovative products, technologies, and services in its core business fields: healthcare, industrial hygiene, and personal care. Schülke was formed in 1889 and is based in Norderstedt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Data Intensity

Covington, Kentucky, United States

Data Intensity is an independent managed services provider for enterprise applications, databases, business intelligence solutions, and analytics. Data Intensity was founded in 2001 and is based in Covington, Kentucky.

Sell -
Buyer

Atwater Capital


Category Private Equity Firm
Founded 2017
PE ASSETS 30M USD
Size Small
Type Sector Focused
DESCRIPTION

Atwater Capital is a private investment firm focused exclusively on the media and entertainment sectors. Atwater Capital was formed in 2017 and is based in Los Angeles.


DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
Country (Spain) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-27 Wiip Productions

Los Angeles, California, United States

Wiip Productions is an independent studio that generates franchise-defining content and is known for projects such as Apple TV+’s Dickinson series, Amazon Prime Video's “The Summer I Turned Pretty,” and HBO Max's “The Uninhabitable Earth,” an Emmy award-winning Mare of Easttown. Wiip Productions is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Mediawan

Paris, France

Mediawan is an operator of an independent European audiovisual content platform. Mediawan is based in Paris, France.

Buy -