EQT has agreed to acquire UK-based private equity firm Coller Capital in a transaction valued at up to $3.7bn, marking the Swedish buyout group’s entry into the private capital secondaries market, according to a report by Dow Jones Newswires.
Under the terms of the deal, EQT will pay a base consideration of $3.2bn, funded through the issuance of new EQT ordinary shares. An additional earn-out of up to $500m will be payable in cash, subject to the achievement of certain performance milestones.
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