Deals

EQT Agrees to Sell Ottobock Stake Back to Billionaire Family

An Ottobock exoskeleton device.
Photographer: Krisztian Bocsi/Bloomberg

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By Silas Brown and Eyk Henning

March 13, 2024 at 9:04 AM UTC

This article is for subscribers only.

EQT AB agreed to sell its stake in Ottobock SE back to the German prosthetics company’s controlling shareholders.

The buyout firm sold its 20% holding in Ottobock to billionaire Hans Georg Näder and his family, it said in an emailed statement Wednesday, confirming an earlier Bloomberg News report. The sale fetched about €1.1 billion ($1.2 billion), valuing Ottobock at roughly €5.5 billion, people with knowledge of the matter have said.