EQT acquires a majority stake in Nexon.

EQT, through its investment vehicle Mid Market Asia III Fund, acquires a majority stake in Nexon Asia Pacific, a leading end to end managed IT services provider in Australia. Financial terms were not disclosed. “With our unwavering commitment to service, innovation, and delivery, we are excited to enter our next phase of growth. EQT will provide both the capital and competence needed to rapidly grow our solution offerings and to innovate.” Barry Assaf, Nexon Co-Founder, and CEO.