EQT Buys Stockbridge for $375M to Widen Real Estate Platform
Stockholm – October 15, 2026 -- EQT AB has signed an agreement to acquire U.S. real estate manager Stockbridge for a base consideration of USD 375 million in cash, adding about USD 16.5 billion in fee-generating assets under management and USD 27 billion in gross asset value to EQT Real Estate.
Earnouts may become payable across 2027 to 2030, subject to performance targets. The base price is on a cash- and debt-free basis and will be funded from EQT's balance sheet.
EQT acquires 100% of the management company and fund general partners
EQT will take 100% of the Stockbridge management company and the general partner entities that control interests in the Stockbridge funds. It will also be entitled to invest in 35% of the carried interest in all future Stockbridge funds, in line with existing EQT policies.