EQT Private Equity makes a majority investment in Storable, the leading software & technology provider to the self-storage industry
EQT Private Equity makes a majority investment in Storable, the leading software & technology provider to the self-storage industry
12/17/20, 2:24 AM
EQT is pleased to announce that EQT Private Equity has made a majority investment in Storable ("the Company"), a leading provider of software and technology to the self-storage industry. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company.
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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.