White & Case Advises EQT on Sale of Piab Group to Patricia Industries

Press Release
1 min read

Global law firm White & Case LLP has advised leading alternative investments firm EQT on the sale of Sweden-headquartered Piab Group AB, a global technology pioneer in industrial automation and robot components, to Patricia Industries for an enterprise value of SEK 6,950 million ( around €661 million).

EQT has approximately €49 billion in raised capital across 26 funds and works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

With the support of EQT VII fund, Piab has accelerated organic growth and captured market share across the globe. Piab has expanded into related gripping and moving technologies through four value accretive add-on acquisitions, which illustrate EQT’s support and ambition to grow companies both organically and via acquisitions.

The transaction is subject to approval from the relevant authorities and is expected to close in the second quarter of 2018.

The White & Case team in Stockholm which advised on the transaction was led by partner Jan Jensen with support from associates Patrik Erblad, Hanna Wingren, Jonas Brandt, Sebastian Wallin and Emma Josberg.

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