Investment Summary

GIC and EQT Invest In Reworld

On October 2, 2024, sovereign wealth fund GIC and private equity firm EQT invested in energy services and equipment company Reworld from EQT

Investment Highlights
  • This is GIC’s 3rd and EQT’s 7th transaction in the Energy Services and Equipment sector.
  • This is GIC’s 14th and EQT’s 59th transaction in the United States.
  • This is GIC’s 1st and EQT’s 6th transaction in New Jersey.

Investment Summary

Date 2024-10-02
Target Reworld
Sector Energy Services and Equipment
Investor(s) GIC
EQT
Sellers(s) EQT
Deal Type Stake Purchase

Target

Reworld

Morristown, 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 1962 and is based in Morristown, New Jersey.

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Investor(S) 2

Investor
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 40 of 43
Sector (Energy Services and Equipment) 3 of 4
Type (Stake Purchase) 8 of 9
State (New Jersey) 1 of 1
Country (United States) 14 of 15
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy €6.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Zuora

Redwood City, California, United States

Zuora is a global SaaS platform powering subscription-based business models. Zuora's applications are designed to automate billing, commerce, and finance operations for companies providing subscription-based services. Zuora was founded in 2006 and is based in Redwood City, California.

Buy $1.7B
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 STATS #
Overall 312 of 317
Sector (Energy Services and Equipment) 7 of 8
Type (Stake Purchase) 25 of 25
State (New Jersey) 6 of 6
Country (United States) 59 of 59
Year (2024) 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Dunlop

Raalte, Netherlands

Dunlop serves professionals in the agriculture & fishery, food processing, functional leisure, industry, and oil, gas & mining sectors. The company boots guard workers against slips, trips, and falls while providing comfort and functionality in harsh operating environments. Dunlop Protective Footwear is based in Raalte, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 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.

Buy -

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 186 of 187
Sector (Energy Services and Equipment) 5 of 5
Type (Stake Purchase) 9 of 9
State (New Jersey) 3 of 3
Country (United States) 27 of 27
Year (2024) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Dunlop

Raalte, Netherlands

Dunlop serves professionals in the agriculture & fishery, food processing, functional leisure, industry, and oil, gas & mining sectors. The company boots guard workers against slips, trips, and falls while providing comfort and functionality in harsh operating environments. Dunlop Protective Footwear is based in Raalte, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 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.

Buy -