EQT Sells Acuon Group to Consortium Led by Hanwha Life and Centroid PE

Private equity firm EQT announced an agreement to sell Acuon Group to a consortium led by Hanwha Life and Centroid PE. The transaction marks the next phase of Acuon's development under new strategic ownership.

During EQT's ownership period, Acuon underwent a significant digital and operational transformation. The group's total assets nearly doubled, reaching approximately KRW 10 trillion (around EUR 6.9 billion). Acuon Savings Bank, a part of the group, improved its ranking to become the fifth-largest savings bank in Korea by total lending assets, up from ninth.

This sale reflects EQT's strategy of supporting business transformations and fostering long-term growth within its portfolio companies. The firm has a history of investing in and developing businesses across various sectors.

Financial terms of the deal were not disclosed. The transaction is subject to customary closing conditions and regulatory approvals.