By Dominic Chopping
STOCKHOLM--EQT agreed to acquire U.K.-based private-equity firm Coller Capital for up to $3.7 billion.
The Swedish buyout group said Thursday it would pay a base consideration of $3.2 billion, funded through newly issued EQT ordinary shares, and up to $500 million contingent on certain performance milestones to be funded in cash.
Coller Capital specializes in the secondary private capital market and has nearly $50 billion in total assets under management across institutional, private wealth and insurance-related capital.
"Entering the secondaries space with Coller represents a natural and important step in EQT's strategic development," EQT Chief Executive Per Franzen said.
"Secondaries have become an increasingly important tool for clients in managing liquidity and portfolio construction, and in supporting long-term ownership of high-quality assets."
Franzen said the deal unlocks growth opportunities for both firms and together he expects to double the size of Coller's business in less than four years.
Separately, EQT said its funds invested 9 billion euros ($10.52 billion) in the second half of 2025, while fee-generating assets under management rose to 141.2 billion euros at the end of December from 136 billion euros at the end of December 2024.
Total assets under management ended 2025 at 270 billion euros.
Total gross fund exits in the second half amounted to 6.6 billion euros, down from 7.0 billion euros in the second half of 2024.
The company proposed a total dividend of 5 Swedish kronor ($0.55) for 2025, up from 4.30 kronor in 2024.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 22, 2026 02:05 ET (07:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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