Investment Summary

EQT Invests In Beijer Ref

On December 7, 2020, private equity firm EQT invested in distribution company Beijer Ref from Carrier

Investment Highlights
  • This is EQT’s 3rd transaction in the Distribution sector.
  • This is EQT’s 50th transaction in Sweden.

Investment Summary

Date 2020-12-07
Target Beijer Ref
Sector Distribution
Investor(s) EQT
Sellers(s) Carrier
Deal Type Stake Purchase

Target

Beijer Ref

Malmö, Sweden
Beijer Ref is a distributor of products within commercial refrigeration, industrial refrigeration, air conditioning, and heating with a strong local and global market presence across 425 branches through which it serves more than 100,000 customerses. Beijer Ref was founded in 1866 and is based in Malmö, Sweden.

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Investor(S) 1

Investor

EQT

Stockholm, Sweden

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 237 of 318
Sector (Distribution) 3 of 3
Type (Stake Purchase) 21 of 25
Country (Sweden) 50 of 55
Year (2020) 16 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-06 Apleona

Neu-Isenburg, Germany

Apleona is a real estate services provider, that operates, manage, expand and equip real estate in all asset classes, operate and maintain plant and assist customers in a whole host of industries with production and secondary processes. The Group's range of services extends from integrated facility management, building technology, and interior fittings to real-estate management with all commercial services, letting and leasing of real estate. All services are provided on a modular basis or in an integrated package. Apleona was founded in 2016 and is based in Neu-Isenburg, Germany.

Sell €1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Flying Tiger Copenhagen

Copenhagen V, Denmark

Flying Tiger Copenhagen is a global retail brand widely recognized for its award-winning design and unique range of products from party-decorations, kitchen equipment, great gifts for colleagues, and toys for the kids. Flying Tiger Copenhagen was formed in 1995 and is based in Copenhagen, Denmark.

Sell -

Seller(S) 1

SELLER

Carrier

Palm Beach Gardens, Florida, United States

Category Company
Founded 2019
Sector Machinery
Employees53,000
Revenue 22.1B USD (2023)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.


DEAL STATS #
Overall 9 of 14
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Sweden) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Carrier - Carrier Refrigeration Service Operations

Stockholm, Sweden

Carrier Corp. - Carrier Refrigeration Service Operations is a provider of equipment for commercial refrigeration, such as food storage cooling.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 TEC

Chicago, Illinois, United States

TEC is a distributor of residential and commercial Carrier, Bryant, and Payne heating, air conditioning, air purification and refrigeration equipment, parts, and supplies. TEC was founded in 1935 and is based in Chicago, Illinois.

Buy -