Vinge has advised EQT in connection with the signing of a combination with Exeter Property Group, a global leading real estate investment manager with more than $ 10 billion of assets under management. The total consideration amounts to MUSD 1,870.
Through the transaction, EQT will acquire 100 percent of the Exeter management company and 25 percent of the carried interest in selected existing Exeter funds. Ward Fitzgerald and other Exeter management shareholders will receive their consideration partly in newly issued EQT ordinary shares and partly in cash.
The transaction is subject to customary closing condition and the completion is expected to be carried out at the beginning of the second quarter of 2021.
Vinge’s team mainly consists of Dain Hård Nevonen, Erik Sjöman, Linnéa Sellström, Hampus Olsson and Joel Magnusson, Marcus Glader, Emma Johansson and Johan Wahlbom.