EQT Acquires Majority Stake in Melbourne Storm

Investment organization EQT has acquired a majority stake in the Australian rugby league club Melbourne Storm. The move, made through EQT's Mid-Market Opportunities strategy, is expected to provide the club with enhanced financial backing and strategic expertise.

Melbourne Storm is recognized as one of Australia's most successful and respected sporting clubs. EQT has stated its intention to build upon the club's existing strong foundations and support its continued growth and success.

The acquisition follows a comprehensive global process to identify a suitable strategic partner who shares the club's vision for the future. EQT has an established team in Australia dedicated to supporting its investments in the region.

Founded in Sweden, EQT is a global investment firm operating across various strategies, aiming to support companies in their development and expansion.