EQT shares jump 3% after agreeing to buy Stockbridge

EQT Real Estate agreed to acquire Stockbridge, a U.S. property manager with $16.5B in fee-earning assets, for $375M in cash plus up to $175M in earnouts. The deal, expected to close in Q1 2027, will add $35M to $45M in fee-related EBITDA in 2027, growing at 15% to 20% annually. Stockbridge's expertise includes industrial, outdoor storage, and manufactured housing.

EQT AB, a Swedish investment firm, will acquire Stockbridge Capital Group, a San Francisco-based real estate manager, for up to $550M. The deal includes $375M in cash and up to $175M more if certain conditions are met. Stockbridge manages $16.5B in assets and owns 93M SF of commercial space. The transaction is expected to close in early 2027.

EQT AB reported Q3 2026 results, with fee-generating AUM rising €42bn to €195bn and total AUM at €354bn. The firm raised its fundraising target to €140bn and announced the acquisition of Stockbridge. EQT shares traded at $289.5, up 2.81% from the prior close.

EQT stock rose 3.7% to SEK 292.1 after Q3 2026 results and a Stockbridge acquisition announcement. Fee-generating AUM grew to €195B, total AUM to €354B. SEB raised its price target to SEK 375. The acquisition is expected to close in Q1 2027, pending regulatory approval.

EQT AB has agreed to acquire Stockbridge, a U.S. real estate investment manager with $16.5 billion in assets. The deal combines Stockbridge's U.S. investment franchises with EQT's global reach and AI capabilities, aiming to broaden client access to real estate strategies. This acquisition is part of EQT's strategy to diversify its global platform.

EQT AB to acquire Stockbridge, a U.S. real estate investment manager with $16.5B in AUM, for $375M in cash plus potential earnouts. The deal expands EQT's industrial and alternative living sectors, adding Stockbridge's top-performing core fund. Stockbridge's management will reinvest half their proceeds in EQT AB shares.