TRANSACTION SUMMARY

EQT AB ("EQT") announced on 18 June 2020 that following the review of future strategic options for the business segment EQT Credit, a definitive agreement has been reached to sell the EQT Credit business to Bridgepoint (the “Transaction”) for an undisclosed sum. Despite the difficult market environment, there was considerable interest in the business. The sale ensures that EQT Credit gets a new owner able to support its growth prospects and permits EQT to further focus its efforts on building scalable value-add strategies focused on active ownership. The acquisition will be combined with Bridgepoint’s existing credit business, with the enlarged group having total assets under management ("AUM") of c.€7bn.

EQT CREDIT

Established in 2008, EQT Credit is the smallest of EQT’s three business segments with approximately €4bn of AUM as of 31 December 2019 in three complementary strategies: Special Situations, Direct Lending and Senior Debt. This represented around ten percent of EQT’s total AUM. EQT Credit business segment had total revenues of €35.8m and a gross segment result of €12.3m in the financial year ended 31 December 2019. The business segment employs approximately 40 professionals, including five Partners. Since inception, EQT Credit has raised over €7bn of capital and invested in over 180 companies.

EQT

EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than €62bn since inception and currently has around €40bn in AUM across 19 active funds within three business segments – Private Capital, Real Assets and Credit. With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does. EQT has offices in 17 countries across Europe, Asia Pacific and North America with more than 700 employees.

BRIDGEPOINT

Bridgepoint is a major international alternative asset fund management group, focused on the Middle Market providing private equity and private debt lending solutions to the middle market. Bridgepoint focuses on acquiring or investing in businesses with strong market positions and earnings growth potential where significant additional value can be created through expansion and operational improvement. With over €19bn of AUM, Bridgepoint invests internationally in six principal sectors - business services, consumer, financial services, healthcare, medtech & pharma, manufacturing & industrials and digital, technology & media - via a platform of offices in Europe, US and China.

ROLE

SHP acted as financial adviser to EQT Credit on its sale to Bridgepoint.