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Eqt Private Equity To Acquire Zeus, A Global Leader In Advanced Polymer Components Used In Life-Saving Medical Procedures

Dec 18, 2023•about 2 years ago

Acquiring Company

EQT

Acquired Company

Zeus

StockholmOrangeburgVenture CapitalFinancial Services

Description

The EQT X fund ("EQT") and Zeus Company, Inc., today jointly announced that they have entered into an agreement for EQT to acquire Zeus Company Inc ("Zeus" or the "Company") from the Tourville family. Founded in 1966, Zeus is a pioneer in the design, development, and extrusion of fluoropolymer tubing for medical devices and select industrial applications. EQT also announced that John Groetelaars, former CEO of Hillrom and EQT Industrial Advisor, will serve as Zeus' Executive Chairman upon closing of the transaction.

Company Information

Company

EQT

Location

Stockholm, Stockholm County, Sweden

About

The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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