EQT Exits Beijer Ref Stake
Analysis based on 6 articles · First reported Jun 18, 2026 · Last updated Jun 18, 2026
The market will likely view EQT AB's successful exit from Beijer Ref positively, as it demonstrates a profitable investment strategy and strong returns. For Beijer Ref, the divestment by a major shareholder could lead to shifts in investor perception, but its strong growth trajectory under EQT AB's ownership suggests continued stability and potential for further expansion.
EQT AB has completed the final selldown of its remaining stake in Beijer Ref, a global wholesaler and distributor of refrigeration, heating, ventilation, and air conditioning (HVAC) technology. The transaction involved the placing of approximately 30.7 million class B-shares in Beijer Ref, generating aggregate gross proceeds of approximately EUR 370 million, with EQT AB IX receiving around EUR 275 million. EQT AB had been the lead shareholder in Beijer Ref since December 2020, during which time Beijer Ref's revenues more than doubled and EBITDA more than tripled. Citigroup Global Markets Europe AG, DNB Carnegie Investment Bank AB (publ), Jefferies GmbH, and Mizuho Bank Europe N.V. served as joint global coordinators for the placing.
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