Venture • Financial Services

EQT and General Atlantic Invest In Mollie

On June 22, 2021, private equity firm EQT and growth capital firm General Atlantic invested in financial services company Mollie

Investment Context
  • This is EQT’s 3rd and General Atlantic’s 28th transaction in the Financial Services sector.
  • This is EQT’s 7th and General Atlantic’s 5th transaction in the Netherlands.

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Investment Summary

Date June 22, 2021
Target Mollie
Sector Financial Services
Investor(s) EQT
General Atlantic
Deal Type Venture

Target Company

Mollie

Amsterdam, Netherlands
Mollie is a payment services provider in Europe, serving more than 120,000 active merchants across the continent. Mollie facilitates online payment acceptance for companies of all sizes across the Netherlands, Belgium, Germany, France, and the UK. Mollie was founded in 2004 and is based in Amsterdam, Netherlands.
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Investors Overview 2

Investor

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 Context for Investor #
Overall 256 of 320
Sector: Financial Services 3 of 4
Type: Venture 2 of 3
Country: Netherlands 7 of 7
Year: 2021 15 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Aldevron

Fargo, North Dakota, United States

Aldevron serves the biotechnology industry with the custom production of nucleic acids, proteins, and antibodies. Thousands of clients use Aldevron-produced plasmids, RNA, and gene editing enzymes for projects ranging from discovery research to clinical trials to commercial applications. These products are critical raw materials and key components in commercially available drugs and medical devices. Aldevron was founded in 1998 and is based in Fargo, North Dakota.

Sell $9.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Magnit

Folsom, California, United States

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Investor #
Overall 284 of 365
Sector: Financial Services 28 of 32
Type: Venture 69 of 98
Country: Netherlands 5 of 8
Year: 2021 20 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Transmit Security

Boston, Massachusetts, United States

Transmit Security is an identity access management vendor offering identity orchestration and authentication products. From onboarding to authentication to smart authorization for both customers and workforce across every channel, the company's technology reduces all forms of identity attrition and saves enterprises substantial costs. Transmit Security was founded in 2014 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Webull

New York, New York, United States

Webull is a U.S.-focused, commission-free online brokerage company. Webull was founded in 2017 and is based in New York, New York.

Buy -