HELSINKI: eQ Plc has today signed a share purchase agreement to acquire the entire share capital of Genesta Property Nordic AB, a company specialising in Nordic real estate asset management.

The transaction is expected to strengthen eQ’s international growth platform and expand its real estate asset management business into a Nordic-wide business.

If completed, the transaction would provide eQ with an international institutional client base and network, local operations in Sweden, Norway and Denmark, and a Luxembourg-based fund management company authorised as an alternative investment fund manager (AIFM).

The maximum debt-free transaction value before purchase price adjustments is EUR 15.5 million, comprising a base purchase price of EUR 11.5 million and a conditional earn-out of EUR 4.0 million.

Before purchase price adjustments, both the base purchase price and the earn-out will be paid 50% in cash and 50% in new shares in eQ Plc.

Upon closing of the transaction, Genesta’s current shareholders Caprock Ventures AB, Philip Björk Invest II AB, Pinetwig AB and Ted Söderlund Invest AB would become shareholders in eQ through the share consideration.

The sellers have undertaken to comply with transfer restrictions applying to the shares. Genesta’s partners David C. Neil, Philip Björk, Daniel Tallqvist and Ted Söderlund are committed to continuing the long-term development of the business as part of eQ.

If completed, the transaction will support the implementation of eQ’s Strategy 2030 – Return to Strong Growth. Founded in 2003, Genesta is a Nordic real estate investment manager managing three real estate funds and approximately EUR 1 billion in assets.

The company has 30 employees and offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. The net sales of the company’s asset management business in 2025 were approximately EUR 9.6 million (EUR 9.1 million in 2024), and operating profit was approximately EUR 2.7 million (EUR 2.5 million in 2024).

Genesta has more than 20 institutional investor clients, primarily European pension investors, as well as long-standing investor relationships and an extensive international investor network.

Genesta’s Nordic organisation, international investor base and Luxembourg fund platform are expected to complement eQ’s existing strengths in private markets investing and support the development and international distribution of new products. eQ’s strategic targets for 2030 remain unchanged.

“In line with eQ’s strategy, we are pursuing growth through, among other things, international institutional client relationships, particularly in private equity and real estate investing, and by strengthening eQ’s position as a leading real estate asset manager. The acquisition of Genesta is the first step in building an international private markets growth platform and expanding our real estate asset management business into a Nordic-wide operation. Genesta’s institutional client relationships and networks, highly skilled personnel and Luxembourg fund platform support the implementation of eQ’s strategy and its international expansion,” says Jouko Pölönen, CEO of eQ Plc.

“eQ’s strategy, culture and long-term approach make it a strong owner for Genesta. Together, we can strengthen our position in asset management and grow the business internationally. Joining forces with eQ will provide our clients with a significantly broader service offering and create development opportunities for our personnel as part of a larger organisation,” says David C. Neil, CEO of Genesta.

The cash consideration and the cash component of any earn-out will be financed from eQ’s cash reserves and, if necessary, with debt financing.

eQ Reports Strong Private Equity Performance

Finnish asset manager eQ Plc reported Thursday that private equity performed strongly in the first nine months of 2026, with net revenue rising 4% to 44.5 million euros ($48.5 million) and operating profit slipping 3% to 18.8 million euros.

Earnings per share were 0.36 euros, down from 0.37 euros a year earlier. The group’s cost-to-income ratio rose to 57.8% from 54.6%.

eQ raised 312 million euros for private equity and venture capital funds during the period and returned 275 million euros to investors. Cash flow from private equity performance fees totaled 6.8 million euros. Assets under management stood at 13.9 billion euros at the end of September.

In real estate, eQ Social Infrastructure became the first Nordic real estate fund to receive a Moody’s Baa3 credit rating with a stable outlook. The fund and eQ Commercial Properties completed refinancing totaling 915 million euros on more favorable terms.

The Asset Management segment’s net revenue fell 1% to 42.3 million euros, while operating profit dropped 10% to 21.3 million euros. The Corporate Finance segment’s net revenue rose to 1.2 million euros from 1.0 million euros, with an operating loss of 0.9 million euros.

eQ reiterated its 2030 strategy target of doubling operating profit from the 2025 level.