EQT to Buy Secondaries Firm Coller Capital for $3.2 Billion

Swedish private equity firm EQT AB agreed to buy Coller Capital Ltd. for $3.2 billion to gain a foothold in the booming market for secondaries, one of the fastest growing segments of the industry.

The transaction will be funded through newly issued EQT shares, with up to $500 million in contingent consideration to be financed in cash if certain targets are hit, according to a statement on Thursday. Stockholm-based EQT said the deal is expected to be “mid-single-digit accretive” to its fee-related earnings.