EQT snaps up Danish medical company

Northern European private equity firm EQT has bought Dako, a Danish cancer diagnostics company, for DKK 7.3 billion (€980 million).

EQT, a Stockholm-based private equity firm, has bought Danish cancer diagnostics company Dako for DKK 7.3 billion (€980 million). The deal is the second investment from the €4.25 billion EQT V Fund.

The private equity firm bought German fashion retailer CBR from Apax and Cinven last week.

Founded by Niels Harboe in 1966, Dako generated sales of nearly DKK 1.7 billion (€230 million) in 2006.

Goldman Sachs acted as financial advisor and Accura as legal advisor to EQT.

EQT manages about €10.5 billion in 10 funds.