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Report: Sweden-based EQT Partners considering IPO amid strategic review

Swedish private equity firm EQT Partners AB may pursue an initial public offering as one outcome of a wider strategic review, Bloomberg News reported, citing a person familiar with the matter.

A listing would be aimed at reinforcing the company's balance sheet, the strength of which is a prerequisite for continued growth.

The firm is also deliberating whether to attract an external investor, the person told Bloomberg, adding that EQT is not seeking to sell the entire business and that discussions on the matter are at an early stage, with a formal decision on the matter anticipated in the second half of 2019.

EQT has also appointed two senior board members, Edith Cooper, and Gordon Orr, as part of the review. Cooper is a former head of human capital at Goldman Sachs, while Orr is a senior adviser at McKinsey & Co., and a former chairman and senior partner for Greater China.

EQT has raised approximately €50 billion and 27 funds since its inception over 20 years ago. Its anchor investor is the Wallenberg family's Investor AB, which owns about 10% of its most recent funds.