EQT agrees to buy Barings Asia PE unit for $7.5B in cash and stock

  • European private equity firm EQT AB agreed to buy rival PE firm Baring Private Equity Asia for $7.5 billion in cash and stock.
  • The total consideration for the purchase includes EUR 6.8bn, consisting of 191.2m new ordinary EQT shares, valued at EUR 5.3bn, plus EUR 1.5bn in cash, according to a statement. EQT will invest in and be entitled to 35percent; of the carried interest in all future funds, starting with BPEA Fund VIII, in line with existing EQT policies.
  • EQT is one of the biggest private equity companies in Europe and has been getting larger to better compete against U.S. rivals Blackstone (NYSE:BX), KKR (NYSE:KKR) and Apollo Group Global (NYSE:APO).
  • Sweden's EQT has cash and facilities in place to fund the cash consideration. In addition, EQT may review long-term financing options. The deal is expected to close in Q4.
  • Morgan Stanley is acting as financial adviser to EQT in relation to the deal, while J.P. Morgan and Goldman Sachs are joint lead advisers to BPEA.
  • Separately, Affiliated Managers Group (NYSE: AMG ) announced that, as part of the combination of Baring Private Equity Asia with EQT , AMG entered into an agreement to sell its minority interest in BPEA to EQT .

    Over the current book year the company from Pittsburgh's total revenue could be around 5.78 billion USD (consensus estimates). This is quite more than 2021's revenue of 3.06 billion USD.

    Historical revenues and results EQT plus estimates 2021

    aandelenanalyse

    The analysts expect for 2022 a net profit of 964 million USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 2.63 USD. With this the price/earnings-ratio is 15.99.

    Per share the analysts expect a dividend of 50 cents per share. The dividend yield is then 1.19 percent. The average dividend yield of the energy companies is an attractive 2.96 percent.

    EQT 's market capitalization is around 11.71 billion USD. 112

    At 17.42 the stock trades 1.09 percent lower at 42.06 USD.

    Historical stock prices EQT

    fundamental research eqt

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