By Kyle Morris


EQT AB said Friday that it has agreed to buy Chicago-based Redwood Capital Group to expand its presence in the U.S.

Redwood Capital will join EQT Exeter and is expected to generate below $10 million in revenue during 2022, EQT said.

The transaction isn't expected to have a material impact on EQT's financial numbers and won't add any assets under management at closing.

The transaction is expected to close by the third quarter of 2022, subject to conditions.


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(END) Dow Jones Newswires

May 13, 2022 10:56 ET (14:56 GMT)

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