EQT Nears Deal to Sell Ottobock Stake Back to Billionaire Family
- Transaction is set to value prosthetics firm at €5.5 billion
- Carlyle, KKR among private credit firms financing acquisition
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EQT AB is near an agreement to sell its stake in Ottobock SE back to the German prosthetics company’s controlling shareholders in a deal valuing the business at about €5.5 billion ($6 billion), people with knowledge of the matter said.
The buyout firm is in advanced talks to sell its 20% stake to the family of billionaire Hans Georg Näder for about €1.1 billion, the people said, asking not to be identified because the information is private.