EQT exits Candyking

EQT has sold its minority stake in Candyking to Accent Equity. No financial terms were disclosed. Candyking is a Swedish candy company.

Denmark’s ISS to raise $1.5 bln in March IPO – Reuters

Danish outsourcing firm ISS A/S aims to raise 8 billion Danish crowns ($1.5 billion) through an initial public offering of stock in March, writes Reuters. EQT and Goldman Sachs hold 73 percent of ISS, after the Ontario Teachers’ Pension Plan and KIRKBI, which invests funds from the family behind Lego toys, injected 500 million euros ($685 million) for a combined 26 percent stake in 2012.

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Darby Private Equity backs China F&B Group

Darby Asia Opportunities Fund III has provided financing to an EQT-led consortium that acquired a majority stake in franchise operator China F&B Group. Board members and management invested together with the new controlling shareholders and the founder, Mr. Li Ping, who continues to own shares in the company and act as chairman.

EQT raises over a billion for mid market fund – Reuters

Swedish private equity firm EQT has raised 1.1 billion euros ($1.49 billion) for a fund that will invest in mid-sized companies in Northern Europe, Greater China and Southeast Asia, writes Reuters. EQT said a typical deal size for the fund would be between 80 and 150 million euros in Northern Europe and up to 200 million euros in Asia, and that it saw deals coming in family- and entrepreneur-owned businesses as well as listed companies.

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Sanitec celebrates oversubscribed IPO – Reuters

Sanitec said on Tuesday the final offer price in its heavily subscribed flotation was 61 crowns per share, valuing the bath and toilet manufacturer at 6.1 billion crowns ($933 million) in Sweden’s biggest listing since 2006, writes Reuters. The listing of Sanitec, controlled by private equity firm EQT, comes as the European construction market is seen recovering from a slump caused by the euro zone debt crisis.

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Sanitec set for biggest Swedish IPO in seven years – Reuters

Bath and toilet maker Sanitec said its owners would sell up to 4 billion crowns ($608 million) worth of shares in its Stockholm listing, meaning the IPO will be Sweden’s biggest since 2006, writes Reuters. Sanitec, controlled by Swedish private equity firm EQT, said 40 million shares, or 40 percent of the total, would be offered, but that amount could be increased by 12.2 million shares.

EQT’s Jonsson to step down as managing partner in March

EQT managing partner Conni Jonsson is to step down from his position in March. Thomas von Koch has been appointed new managing partner. Jonsson will, in his role as working chairman of EQT Holdings AB, continue to work full time for EQT and focus on investment advisory activities and increased interaction with EQT investors.

EQT’s Sanitec to launch IPO – Reuters

Bath and toilet maker Sanitec, owned by Swedish private equity firm EQT, is to launch an initial public offering and listing on Nasdaq OMX Stockholm, writes Reuters. Nordea and UBS Investment Bank are acting as joint global coordinators and joint bookrunners. In addition, Carnegie is acting as joint bookrunner and Handelsbanken as co-lead manager.

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Reuters – SSP Names Kate Swann as CEO

Kate Swann, a former chief executive of British books and stationery retailer WH Smith, has been appointed chief executive of SSP, an operator of food and beverage brands in travel locations, writes Reuters. SSP is backed by EQT.

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