M&A Deal Summary

EQT Acquires Indium

On December 22, 2023, private equity firm EQT acquired information technology company Indium

Acquisition Highlights
  • This is EQT’s 25th transaction in the Information Technology sector.
  • This is EQT’s 53rd transaction in the United States.
  • This is EQT’s 9th transaction in California.

M&A Deal Summary
Date 2023-12-22
Target Indium
Sector Information Technology
Buyer(s) EQT
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Avendus Capital Pvt. Ltd. (Financial)
Shardul Amarchand Mangaldas & Co. (Legal)

Target

Indium

Cupertino, California, United States
Indium is a digital engineering company, focused on building modern solutions across applications, data, and gaming for its clients. With deep expertise in next-generation offerings combining data and applications, the company offers a wide range of services including product engineering, low-code development, data engineering, AI/ML, digital assurance, and end-to-end gaming tech. Indium Software is based in Cupertino, California.

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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 295 of 317
Sector (Information Technology) 25 of 27
Type (Buyout (LBO, MBO, MBI)) 82 of 85
State (California) 9 of 11
Country (United States) 53 of 59
Year (2023) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Next One Technology

Linkoping, Sweden

Next One Technology develops and delivers the product, which is a fully cloud-based project and business management tool for construction, maintenance, and contractor business industries. Next One Technology is based in Linkoping, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mabtech

Nacka Strand, Sweden

Mabtech is a biotech company specialising in immune monitoring products used by companies and researchers on a global scale. Mabtech was founded in 1986 and is based in Nacka Strand, Sweden.

Buy -
Mergr

Product

Company

Legal