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EQT Private Equity to acquire Avetta from WCAS

EQT Private Equity, via the EQT X fund (EQT), is to acquire Avetta, a specialist in supply chain risk management software solutions with 12 offices around the world, from Welsh, Carson, Anderson & Stowe (WCAS).

For more than two decades, Avetta’s SaaS platform has enabled clients to manage supply chain risks across health, safety, and sustainability, among other risk vectors. With more than 750 employees, Avetta’s global network spans over 130 countries.

In a statement, EQT said it will support Avetta’s ongoing growth through the development of new products and technologies, adoption of AI/automation, and global expansion.

With this transaction, EQT X is expected to be 35-40%, invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on the actual fund size and subject to customary regulatory approvals.

Financial terms of the transaction, which is subject to customary conditions and approvals and slated for completion in the coming months, pending customary closing conditions and regulatory approvals, have not been disclosed.

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