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EQT to add Recover Nordic to portfolio

EQT is purchasing Recover Nordic from funds managed by Agilitas Private Equity.

Guided by the U.N. sustainable development goals, Recover Nordic provides property remediation and environmental services, mainly to insurance companies, municipalities, as well as industrial and commercial clients.

The acquisition is set to be completed in the first quarter of 2020, subject to customary conditions and approvals. It will be made through the EQT VIII fund, which is expected to be 65% to 70% invested following the transaction.

The private equity firm will help Recover Nordic with investments in digitalization, professionalization, and mergers and acquisitions.