Fee, fi, fo, fum

23 January 2020 By Liam Proud Follow @liamwardproud

The share price of $13 bln EQT has almost doubled since its September IPO. CEO Christian Sinding can point to good private-equity returns and a rapid rise in assets under management. That success may be harder to sustain given increasing competition for deals and capital.

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Swedish buyout group EQT on Jan. 23 said it had 40 billion euros of fee-generating assets under management at the end of 2019, compared with 37 billion euros at the end of 2018 and 24 billion euros in 2017.

The private-equity manager’s funds invested 12 billion euros in 2019, which large deals including Nestlé’s skin-health brand Galderma. It sold off about 8 billion euros worth of investments last year.

Chief Executive Christian Sinding said he will conduct a strategic review of the credit investments business.

EQT’s shares were trading at 127 Swedish crowns at 0830 GMT on Jan. 23. That was 90% above its 67 crowns per share initial public offering price in September 2019.

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