EQT Backs Coromatic Group with $57.5M

Private equity fund EQT Expansion Capital II has put 40 million euro ($57.4 million) into a management buyout of Nordic data center builder Coromatic Group. The financing, in a combination of equity and loans, enables the company’s management to take over the majority of Coromatic from private equity fund Litorina Kapital III. EQT Expansion II is a 474 million euro fund focused on investments in privately owned mid-market companies.

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