Swedish investment firm EQT said it more than tripled its deal exits to 13 billion euros in the first half of 2025, capitalizing on a pickup in activity despite market uncertainty.
The private equity group's adjusted total revenue rose 23% to 1.34 billion euros for the six months ending June 30, while a key profit measure, adjusted EBITDA, increased to 806 million euros, the company reported.
“Year-to-date, we announced realizations of €13 billion – more than triple the volume from a year earlier,” CEO Per Franzén said in the report.
“We closed EQT Infrastructure VI at its hard cap, reached a strong first close for BPEA IX, and launched EQT XI.”
The increased exit activity included the sale of a minority stake in software provider IFS, which valued the company at over 15 billion euros, and the full exit of Nord Anglia Education, according to the company.
On the fundraising front, EQT closed its Infrastructure VI fund at its 21.5 billion euro hard cap, a 35% increase on its predecessor.
The firm also launched its next flagship fund, EQT XI, with a target size of 23 billion euros, and said its Asia-focused BPEA IX fund has secured $11.4 billion in commitments.
Total assets under management grew to 266 billion euros as of June 30, up from 246 billion euros a year earlier.
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