EQT Fund X
4-minute video – All you need to know about EQT X
EQT X: a thematic and European-focused private equity buyout fund backed by an experienced private equity firm
Founded in 1994, EQT is one of the most recognized European private equity platform. With offices in nearly 24 countries on 3 continents, today EQT has a headcount of more than 1,000, and Assets under Management of more than 70 billion euros. Furthermore, its performance in Private Equity has been very robust, with a composite gross Internal Rate of Return above 25% since 20111.
EQT X seeks high quality, market-leading, medium-sized to large companies with significant value creation opportunities and high development potential. EQT invests behind the 2 core themes of sustainability and digitalization. It has developed a differentiated sourcing model combining a “local-with-locals” approach with a global sector expertise to unlock attractive investments opportunities.
EQT invests in Europe and in the Unites States, and focus on 4 sectors:
•Healthcare (MedTech, healthcare services providers, specialty pharma, life sciences tool, etc.)
•Technology (software, infrastructure technologies, cyber security, fintech, consumer internet, digital media & content, etc.)
•Services (compliance services, distribution and network services, human capital management, financial services, etc.)
•Industrial Technologies (clean tech, food tech, automation, internet of things, building tech, etc.)
Source: BNP Paribas Wealth Management & EQT – Q3 2022
1Past performance is not a reliable indicator of future performances. No guarantee is given on the success, profitability, return or benefit of this investment.
A purpose-driven investor with an active ownership approach based on an industrial heritage
Strong attractive risk adjusted returns with an 25% net IRR since 20111
Investing mainly in Europe (75%) and in the US
A strong focus on healthcare, technology and tech-enables services
Why invest in EQT X?
Accessing on of the most recognize European private equity manager
EQT is one of the leading European private equity manager and is ranked #6 biggest private equity firm globally1
Focus on sectors backed by attractive investment themes
Since 2015, more than 90% of EQT’s investments have been made in healthcare, technology and tech-enabled services sectors, that benefit from strong secular fundamentals
A strong and resilient track record2
EQT generated a 25% net IRR since 2011 and a 2.7x gross realized MOIC since inception2
A solid value-creation approach
EQT’s return are largely driven by improving companies’ performance, thanks to sector specific value creation toolbox and playbooks
A differentiated sourcing model
EQT combines a “local-with-locals” approach with is global sector expertise to unlock attractive investment opportunities
The power of the global EQT platform
EQT will leverage its global and integrated private capital platform, which offers cross-strategies best practices and cover the entire life cycle of private companies
Source: BNP Paribas Wealth Management & EQT – Q4 2021
2Past performance is not a reliable indicator of future performances. No guarantee is given on the success, profitability, return or benefit of this investment.
Claire Roborel de Climens
Global Head of Private and Alternative Investments · BNP Paribas Wealth Management
Since joining BNP Paribas Wealth Management in 2004, Claire Roborel de Climens has set up the Private Equity Group. In 2010 she was also nominated Head of Real Estate. In 2015, she became Head of the Private and Alternative Investments department, adding the Hedge Funds, Strategic-A (asset allocation service), Philanthropy Advisory and AgriFrance activities to her scope of responsibility. Claire is a member of various advisory boards of Global and European Private Equity and Real Estate funds. She sits on the board of Global General Partner, the AIFM manager of PERE feeder funds, and on the Supervisory Board of BNP Paribas Real Estate investment Management France (REIM). Prior to joining BNP Paribas Wealth Management, Claire worked 10 years for PAI Partners, a leading pan-European Private Equity firm, as a manager in the Finance Department, Investor Relations activities and then as an investor in the General Industrials sector where she was involved in many LBO transactions. She started her career as an auditor at Ernst & Young where she worked for 6 years for large industrial groups and Private Equity funds. Claire Roborel de Climens is a graduate of the EMLyon business school.
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This document is communicated by the Wealth Management métier of BNP PARIBAS SA, a French limited liability company with share capital of EUR 2,468,663,292 whose registered office is located at 16 boulevard des Italiens 75002 Paris, France, registered with the Paris Trade and Companies Registry under number 662 042 449 supervised and authorised as a Bank by the European Central Bank ("ECB") and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter BNP Paribas).
EQT X (No.1) EUR SCSp (hereinafter Master Fund) is a Luxembourg special limited partnership (« Société en Commandite Spéciale »). Its General Partner is EQT X (General Partner) S.à r.l. (hereinafter Master Fund’s GP) is a Luxembourg private limited liability company (“Société à Responsabilité Limitée”). The Master Fund will be managed by EQT Fund Management S.à r.l., a Luxembourg private limited liability company appointed by the Master Fund’s GP and authorized by the Luxembourg CSSF as an Alternative Investment Manager (hereinafter Master Fund’s AIFM).
PrivAccess XV – Northern Europe X is a compartment of PrivAccess XV SICAV RAIF SCA (hereinafter Feeder Fund), an investment company with variable capital structured in the form of a Multi-Compartment Reserved Alternative Investment Fund registered as a corporate partnership limited by shares and notified with the Luxembourg CSSF. It is managed by its General Partner: PrivAccess General Partner S.à.r.l. and Global General Partner SA which is an Alternative Investment Fund Manager (AIFM) authorized by the Luxembourg CSSF, appointed to manage the Feeder Fund.
This material is confidential and intended solely for the use of the person to whom it has been delivered and must not be distributed, published or reproduced, in whole or in part nor may it be quoted or referred to in any document without the prior consent of BNP Paribas. This document is provided solely for the purpose of providing general information and shall not constitute an offer, a solicitation or an investment advice nor shall it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this document and its content shall not in any way be construed as an advertisement, inducement or recommendation of any kind or form whatsoever. For the purposes herein, “BNP Paribas” means BNP Paribas SA and its respective affiliates and related corporations.
Although the information provided herein may have been obtained from published or unpublished sources considered to be reliable, and while all reasonable care has been taken in the preparation of this document, BNP Paribas does not make any representation or warranty, express or implied, as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this document or any part of the information contained herein. Past performance is not a reliable indicator of future performance. BNP Paribas is not giving any warranties, guarantee or representation as to the expected or projected success, profitability, return, performance, result, effect, consequence or benefit (either legal, regulatory, tax, financial accounting or otherwise) of any interest.
Prior to making any commitment, the investor should take advice from his legal, tax and financial advisors. Subscribers should be in a position to fully understand the features of the subscription and be financially able to bear a loss of their investment and be willing to accept such risk. Save as otherwise expressly agreed in writing, BNP Paribas is not acting as financial adviser of, or in any fiduciary capacity to, the subscriber in any subscription.
This document contains only a summary of certain sustainability-related aspects of the Feeder Fund and is not purported to be complete nor does it constitute an offer to invest in the Feeder Fund. It is not intended to be complete and will be qualified in its entirety by reference to the Issuing Document, which should be read in its entirety, in particular as regards the pre-contractual disclosure obligations under the SFDR, including how applicable sustainability risk factors are integrated into the decision-making process and their impact on returns. The descriptions or terms regarding sustainability-related aspects of the Feeder Fund in the Issuing Document shall prevail.
An investment in the Feeder Fund should be conditioned upon the previous reading and understanding of its Issuing Document and its Subscription Agreement which are available in English only and which describe the rights and obligations of the investors. Therefore, prospective subscribers should not rely on any other information not contained in such Issuing Document and Subscription Agreement.
Under no circumstances will the Feeder Fund, PrivAccess General Partner S.à.r.l., Global General Partner SA, BNP Paribas, the Master Fund, the Master Fund’s GP, or the Master Fund’s AIFM pay or reimburse any current or future taxation in the subscribers’ country of origin, residence, domiciliation or wherever subsequent to the subscription, holding, conversion, sale or liquidation of ordinary shares in the Feeder Fund or in the Master Fund. The subscriber will be responsible for such payment or reimbursement.
No measures have been nor will be taken in any country or territory for the purposes of allowing a public offering of the investment described in this document, or the holding or distribution of any document relating to this investment. These ordinary shares are not recommended by any federal or state securities commission or any other regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. BNP Paribas, PrivAccess General Partner S.à.r.l., Global General Partner SA, the Master Fund, the Master Fund’s GP and the Master Fund’s AIFM entities are separate legal entities and none of them is representing or acting as an agent for the other.
This document is not for distribution to US Persons and US Persons are not eligible to apply to become shareholders in the Feeder Fund. The ordinary shares of the Feeder Fund will be offered and sold only outside the United States to persons who are not US Persons, in reliance on Regulation S.
By accepting this documentation, the subscriber agrees to be bound by the foregoing limitations.
BNP Paribas SA (2022). All rights reserved.