EQT

Swedish investment firm EQT is acquiring a majority stake in McGill and Partners from Warburg Pincus for $2 billion. Founder and CEO Steve McGill will remain in his role; founders, management and employees are reinvesting and will retain a significant stake. EQT plans to accelerate growth by hiring in key markets and expanding technology, data and AI capabilities. The deal is subject to customary conditions and regulatory approvals and is expected to close in the first half of 2027. » More on de.investing.com

BGH Capital has tabled a non-binding takeover bid for EQT Holdings that values EQT at A$663 million, or A$24.75 in cash per share, and narrowly tops a competing offer from TPG. The news sent EQT’s stock up almost 10% and produced an intraday high of A$23.10. The offer follows recently released annual results and comes after EQT faced heavy pressure this year from an ASIC civil case and its withdrawal from the pension fund trustee business. » More on de.investing.com

Australian asset manager EQT Holdings has accepted an indicative takeover offer from TPG Global of A$657.8 million (US$467.6 million), which proposes A$24.55 per share in cash and represents a 41.8% premium to the closing price. TPG has requested an exclusivity period to carry out due diligence. The offer comes as EQT faces heightened regulatory scrutiny and a lawsuit from the Australian securities regulator related to the wound-up First Guardian Master Fund. » More on de.investing.com