EQT concludes strategic review of Credit business segment with sale to Bridgepoint
EQT AB (“EQT”) today announced that following the review of future strategic options for the business segment Credit (“Credit”), a definitive agreement has been reached to sell the Credit business to Bridgepoint (the “Transaction”). Despite the difficult market environment, there was considerable interest in the business. The sale ensures that Credit gets a new owner able to support its growth prospects and permits EQT to further focus its efforts on building scalable value-add strategies focused on active ownership. Established in 2008, Credit is the smallest of EQT’s three business