Deals
EQT to Acquire Venture Firm LSP in Second Purchase Since IPO
- Swedish PE firm will pay $551 million for health-care VC firm
- Amsterdam-based LSP manages 2.2 billion euros in assets
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EQT AB, Europe’s largest private equity house, is buying health-care focused venture capital firm LSP as it seeks to further diversify its offering to investors.
EQT will pay as much as 475 million euros ($551 million) for the life-sciences investor, according to a statement provided Wednesday to Bloomberg News. An initial 450 million-euro payment in cash and shares will be followed by an additional 25 million euros contingent on certain fundraising targets, the statement shows.