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.