By Dominic Chopping
STOCKHOLM--Swedish buyout group EQT said that through its EQT X fund it has become an anchor investor in WTS Group, a provider of tax and financial advisory services.
The investment will provide significant growth capital as part of a long-term strategic partnership, it said.
Founded in Munich in 2000, WTS has 14 locations in Germany, more than 1,500 employees and an annual revenue of around 250 million euros ($269.8 million).
WTS specializes in high-end advisory services for complex situations and counts 95% of the DAX 40 companies as clients.
EQT said that with WTS, it aims to significantly accelerate the company's growth in Germany and abroad, both organically and inorganically.
They also plan to increase investments in digital services and artificial intelligence.
The transaction expected to close in the summer of 2025, subject to regulatory approvals.
Financial terms weren't disclosed, but EQT said that with the transaction, its EQT X fund is expected to be 50%-55% invested.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 02, 2025 03:30 ET (07:30 GMT)
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