EQT and First Kraft to acquire the remaining shares in Fortnox for SEK44.5bn.

EQT Partners, a Swedish global investment organization, and First Kraft, a holding owned by Olof Hallrup, the largest shareholder in Fortnox, agreed to acquire the remaining shares in Fortnox, a provider of cloud-based products and software, for SEK44.5bn. "EQT is impressed with Fortnox's growth journey over the years, having transformed from a specialized supplier to a trusted household name in Sweden within cloud-based integrated financial services. EQT wants to support Fortnox's continued development, which will require significant and long-term investments in product development and potential M&A initiatives that involve operational and financial risks. Our proven track record as an active investor and owner of software and financial technology companies, combined with Olof Hallrup's profound understanding of the Company, form the optimal foundation to add value and support Fortnox's future development in a private setting. The Offer values Fortnox at very attractive multiples, giving shareholders the opportunity to realize immediate, certain value and liquidity. We are convinced that this is a very attractive offer," Christian Andersen and Ali Farahani, EQT Partners.