EQT Appoints Per Franzen as CEO, Targets Infrastructure and Real Estate Growth
EQT AB, the Swedish private equity firm, has named Per Franzen as its new Chief Executive Officer (CEO). Franzen has spent 20 years with EQT and will lead the company through its next phase of expansion in infrastructure and real estate markets.
With nearly two decades at EQT, Franzen previously served as head of the private capital business in Europe and North America. He recently led the €22 billion fundraising for EQT X.
"We will continue to grow existing business lines," said Franzen. "EQT is a top three player globally in private equity and infrastructure, and we see exciting potential in real estate."
Since going public in Stockholm in 2019, EQT has pursued aggressive growth strategies. This includes acquiring Baring Private Equity Asia Ltd. for $7.5 billion and Exeter Property Group for $1.9 billion to expand its reach into these markets.
"Acquisitive growth will be part of our strategy going forward," added Franzen.
Franzen succeeds Christian Sinding, who will step down after six years at the helm. Under Sinding's leadership, EQT's market capitalization has grown from €7 billion to €40 billion. EQT shares have gained 20% this year, boosted by strong fundraising and exit activity.
"We are now seeing a clear pickup in deal activity," said Franzen.
Sinding will remain with EQT as Chairman of the newly formed EQT Council, alongside Chairman Conni Jonsson.
"This is the next logical step for EQT," said Jonsson. "We enter an exciting new phase with Per at the helm."