In the News

The Swedish kingmakers behind European private equity giant EQT

Financial Times, April 14

In 1989, one of Europe’s great industrial families, the Wallenbergs, sent a young Swedish executive called Conni Jonsson to the US to see how Wall Street worked. His arrival coincided with the apex of the first leveraged buyout boom, when a small group of corporate raiders made fortunes buying well-known public companies in massive, debt-funded deals. “The big thing that happened then was RJR Nabisco,” Jonsson said in an interview with the Financial Times, referring to the era-defining takeover by US private equity giant KKR immortalised in the book Barbarians at the Gate. “That caught my attention.”