M&A Deal Summary

EQT Acquires OX2

On October 8, 2024, private equity firm EQT acquired renewable energy company OX2 from Altor Equity Partners

Acquisition Highlights
  • This is EQT’s 9th transaction in the Renewable Energy sector.
  • This is EQT’s 54th transaction in Sweden.

M&A Deal Summary

Date 2024-10-08
Target OX2
Sector Renewable Energy
Buyer(s) EQT
Sellers(s) Altor Equity Partners
Deal Type Going Private

Target

OX2

Stockholm, Sweden
OX2 develops, builds, finances and manages renewable energy plants in the Nordic countries. Company strive towards a 100 % sustainable and renewable energy sector. Company has generated approximately 1,200 MW of wind power. OX2 was founded in 2004 and is based in Stockholm, Sweden.

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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 304 of 318
Sector: Renewable Energy M&A 9 of 9
Type: Going Private M&A Deals 19 of 19
Country: Sweden M&A 54 of 55
Year: 2024 M&A 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Reworld

Florham Park, New Jersey, United States

Reworld is a provider of waste and energy services to municipal entities. The Company's 45 Energy-from-Waste facilities provide communities and businesses around the world with environmentally sound solid waste disposal by using waste to generate clean, renewable energy. Reworld was founded in 1939 and is based in Florham Park, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Nord Anglia Education

London, United Kingdom

Nord Anglia Education is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Nord Anglia Education was formed in 1972 and is based in London, United Kingdom.

Buy $14.5B

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 50 of 55
Sector: Renewable Energy M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: Sweden M&A 18 of 21
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 CCM Hockey

Montreal, Quebec, Canada

CCM Hockey is a designer, manufacturer, and marketer of hockey equipment and related apparel. With operations in Canada, the United States, and Europe. CCM Hockey was founded in 1899 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Carnegie Investment Bank

Stockholm, Sweden

Carnegie is a Nordic independent investment bank with strong positions in equities research, brokerage, corporate finance advisory, asset management and private wealth management. Carnegie Investment Bank was founded in 1803 and is based in Stockholm, Sweden.

Sell -