Stake Purchase • Retail

EQT Invests In XXL

On June 2, 2010, private equity firm EQT invested in retailer XXL

Investment Context

This is EQT’s 7th transaction in the Retail sector.
This is EQT’s 2nd transaction in Norway.

Investment Fate

XXL went public in 2014.
XXL was sold to a financial buyer in 2019.
XXL was sold to a consortium of buyers in 2025.

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Investment Summary
Date	June 2, 2010
Target	XXL
Sector	Retail
Investor(s)	EQT
Deal Type	Stake Purchase
Advisor(s)	Carnegie Investment Bank (Financial)

Target Company

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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Investor Overview 1

Investor

EQT

Stockholm, Sweden

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	79 of 320
Sector: Retail	7 of 13
Type: Stake Purchase	5 of 25
Country: Norway	2 of 13
Year: 2010	5 of 9

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-06-01	Nord Group Nyborg, Denmark NORD (formerly Kommunekemi) is the hazardous waste management company in Denmark. The company has three waste incineration lines at its state-of-the-art plant in Nyborg, which constitutes Europe's single largest facility of its kind.	Buy	kr.260M

DATE

TARGET

DEAL TYPE

VALUE

2010-06-01

Nord Group

Nyborg, Denmark

NORD (formerly Kommunekemi) is the hazardous waste management company in Denmark. The company has three waste incineration lines at its state-of-the-art plant in Nyborg, which constitutes Europe's single largest facility of its kind.

Buy

kr.260M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-06-15	AcadeMedia Stockholm, Sweden AcadeMedia is an education company in Sweden with operations spanning pre and compulsory school, upper secondary school, and adult education. The company operates more than 150 schools and adult education units across Sweden and has approximately 2,500 employees and 45,000 students. AcadeMedia was founded in 1996 and is based in Stockholm, Sweden.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2010-06-15

AcadeMedia

Stockholm, Sweden

AcadeMedia is an education company in Sweden with operations spanning pre and compulsory school, upper secondary school, and adult education. The company operates more than 150 schools and adult education units across Sweden and has approximately 2,500 employees and 45,000 students. AcadeMedia was founded in 1996 and is based in Stockholm, Sweden.

Buy

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