Investment Summary

EQT Exits XXL

On October 3, 2014, invested in retailer XXL from EQT

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in Norway.
Investment Fate
  • XXL was sold to a financial buyer in 2019.
  • XXL was sold to a consortium of buyers in 2025.

Investment Summary

Date 2014-10-03
Target XXL
Sector Retail
Sellers(s) EQT
Deal Type IPO

Target

XXL

Oslo, Norway
XXL is a sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark, and Austria. XXL pursues a broad customer appeal, offering a one-stop shop experience with a wide range of products for sports, hunting, skiing, biking, and other outdoor activities. XXL was founded in 2000 and is based in Oslo, Norway.

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Seller(S) 1

SELLER

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 62 of 194
Sector: Retail M&A 4 of 12
Type: IPO M&A Deals 9 of 21
Country: Norway M&A 2 of 10
Year: 2014 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-24 IslaLink Submarine Cables S.L.

Madrid, Spain

IslaLink Submarine Cables, S.L. is involved in deploying and operating submarine telecommunication cables to provide high-capacity transmission systems to telecommunication operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Sivantos

Munich, Germany

Sivantos Group is a global hearing aid manufacturer. Sivantos was founded in 1878 and is based in Munich, Germany.

Buy €2.2B