EQT Partners, a global private equity fund (PEF) manager based in Sweden, will acquire Coller Capital, a PEF specializing in secondaries.
On the 23rd, EQT Partners said it signed a deal to acquire 100% of the management control equity of Coller Capital with Jeremy Coller, the founder and chief investment officer (CIO), and others.
The purchase price is reported to total $3.2 billion (about 4.7 trillion won). EQT Partners plans to fund the acquisition with newly issued common shares and pay up to $500 million (about 730 billion won) in contingent consideration in cash.
Founded in 1990 in the United Kingdom, Coller Capital is the world's largest secondary-focused manager, overseeing $50 billion (about 73 trillion won) in asset. It operates in 11 countries, including Korea.
Coller Capital was previously involved in the 2022 replacement of Hahn & Company's Ssangyong C&E fund. When Hahn & Company set up the Ssangyong C&E continuation fund, Coller Capital participated as a limited partner (LP).
EQT Partners plans to expand its footprint in the secondary market through the acquisition of Coller Capital. With the size of secondary transactions rising sharply, the secondary market grew 41% last year, it noted.
After the transaction closes, Coller Capital will form a new business unit within EQT Partners under the brand "Coller EQT." Coller, the CIO, is said to be set to be appointed as the head of Coller EQT.