Macfarlanes advises EQT Credit’s management team on sale to Bridgepoint

18 June 2020

Macfarlanes has advised the management team of EQT Credit, the credit arm of private equity firm EQT, on its sale to UK-based private equity investor Bridgepoint Advisers.

The credit arm had approximately €4bn of assets under management (AUM) at the end of 2019. Since its creation in 2008, EQT Credit has raised over €7bn of capital and invested in more than 180 companies.

This sale is in line with a recent strategic review carried out by EQT and will see EQT Credit merge with Bridgepoint’s existing credit offering. The deal is expected to close in Q4 of 2020, subject to regulatory approvals.

The Macfarlanes team for this matter was led by corporate and M&A partner Luke Powell and tax and reward partner Ceinwen Rees, with assistance from senior solicitor Mike Birkett and solicitor Michael Sweeney. Further expertise was provided by investment management partner Sam Brooks, employment partner Hayley Robinson and tax and reward senior solicitor Alex Ereira.

Ceinwen Rees comments: “We were very pleased to be able to assist the management team of EQT Credit in realising this strategic goal. Despite the difficult market environment, there remains considerable strength in the business and its portfolio, and we look forward to seeing it continue to grow.”