Eqt Private Equity To Acquire Zeus, A Global Leader In Advanced Polymer Components Used In Life-Saving Medical Procedures
Eqt Private Equity To Acquire Zeus, A Global Leader In Advanced Polymer Components Used In Life-Saving Medical Procedures
12/18/23, 3:35 PM
Location
stockholm
orangeburgIndustry
venture capital
financial services
The EQT X fund ("EQT") and Zeus Company, Inc., today jointly announced that they have entered into an agreement for EQT to acquire Zeus Company Inc ("Zeus" or the "Company") from the Tourville family. Founded in 1966, Zeus is a pioneer in the design, development, and extrusion of fluoropolymer tubing for medical devices and select industrial applications. EQT also announced that John Groetelaars, former CEO of Hillrom and EQT Industrial Advisor, will serve as Zeus' Executive Chairman upon closing of the transaction.
Company Info
Location
Stockholm, Stockholms län, Sweden
Company info
The firm has made more than 40 investments in the sector over the past two decades, with around 20 investments during the past five years. In a statement, EQT said the acquisition will be made through EQT Infrastructure V fund, which held its final close at €15.7 billion ($17.8 billion) early this month. EQT said the healthcare sector is aligned with its investment approach.