eQ PLC INVESTOR NEWS
2 October 2013 at 11:45 a.m.
eQ COLLECTS € 64 M FROM FINNISH INVESTORS FOR ITS NEW PRIVATE EQUITY PROGRAM
eQ’s new investment program, eQ PE VI North, grew to € 64 million on 1 October 2013, as the fund eQ PE VI North had its first closing. The investment program consists of a € 30 million program launched in Q2 2013 for a local institutional investor, and a € 34 million fund, eQ PE VI North LP.
The eQ PE VI North – investment program will invest in funds investing in small and midsized companies operating in Northern Europe. The program will make commitments to both new funds as well as acquire positions in existing funds through the secondary market. The fund has started its deployment and will during October commit to five funds, out of which four are secondary transactions.
The fund raising period will continue and the final close is expected to occur before summer 2014, the target size of the investment program is € 100 million.
Staffan Jåfs, head of private equity at eQ Asset Management comments:
”Our new fund strengthens our position as a leading fund manager in the local private equity market. In the new fund there are both long-standing clients as well as new institutional clients, who are entering the market. We provide an entry to unlisted, high-growth companies active in Northern Europe, where the expected return is higher than in the listed market. eQ’s private equity team has an excellent track record and a long history of finding the best-performing managers, who´s teams have proven evidence of operational value creation.”
eQ Plc
Janne Larma, CEO
Additional information: Staffan Jåfs, head of private equity, eQ Asset Management, tel. +358 (0)9 6817 8736
Distribution: NASDAQ OMX Helsinki, www.eQ.fi
eQ Group is a Finnish listed company specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds) for institutions and individuals. The assets managed by the Group total approximately EUR 6.3 billion. Advium Corporate Finance Ltd, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
More information about the Group is available on our website at www.eQ.fi
