EQT picks up stake in cooling systems wholesaler Beijer Ref
December 9, 2020
EQT has bought a 29.6% stake in Beijer Ref, a Stockholm-listed wholesaler of cooling systems, from Carrier Global Corporation for $1.1 billion. Founded in 1866, Malmö-based Beijer Ref sells refrigeration, air conditioning and heating appliances across 425 branches and has 3,700 employees. The investment came via EQT IX, which is near its €15 billion target and now 20-25% deployed.