At a glance
- The buyer will pay $375 million in cash up front.
- The remaining $175 million depends on conditions being met over the next several years.
- Senior management shareholders at Stockbridge will reinvest half of their proceeds into EQT AB shares, which trade on the Nasdaq Stockholm exchange, and those shares carry lockup agreements, the report said.
EQT has agreed to acquire San Francisco-based Stockbridge Capital Group for up to $550 million, according to The Real Deal, which cited Bisnow. The buyer will pay $375 million in cash up front. The remaining $175 million depends on conditions being met over the next several years.
Senior management shareholders at Stockbridge will reinvest half of their proceeds into EQT AB shares, which trade on the Nasdaq Stockholm exchange, and those shares carry lockup agreements, the report said.
Reported by the Deals desk from The Real Deal — National and Bisnow (cited by The Real Deal). Published . Corrections