Davis Polk Advises EQT AB (publ) on Its Initial Public Offering

Davis Polk advised EQT AB (publ) on its initial public offering of shares and listing on Nasdaq Stockholm. The offering comprised 190,596,780 shares, of which existing EQT shareholders sold 103,961,880 shares. Certain existing EQT shareholders have also granted the managers an overallotment option in respect of up to an additional 10,396,188 shares. The total value of the offering amounted to SEK13.5 billion (approximately $1.4 billion), assuming full exercise of the overallotment option.

EQT is a differentiated global investment organization active in the private markets industry with a 25-year history of investing in, developing and owning companies. As one of the first private equity firms in Northern Europe, EQT has grown its geographical presence, built out a global, well-diversified fund investor base and successfully established and scaled businesses in areas such as infrastructure, real estate, venture capital, credit and public value. The Group today conducts its businesses through offices in 15 countries across three continents with approximately 650 FTEs and has approximately €40 billion of fee-paying assets under management.

The Davis Polk corporate team advising as to U.S. law included partner Reuven B. Young, counsel Connie I. Milonakis and associates Maxim Van de moortel and Serdar Inci. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. federal tax advice. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Matthew R. Silver provided Investment Company Act advice. Members of the Davis Polk team are based in the London and New York offices.