Investment firm EQT acquiring Avetta

Two companies work together to help address critical challenges facing global supply

Investment firm EQT acquiring Avetta
From Avetta FB page

Global investment firm EQT Private Equity announced today that the EQT X fund has agreed to acquire compliance risk management Avetta from Welsh, Carson, Anderson & Stowe.

“Avetta’s leadership position, world-class SaaS platform, and commitment to ESG represent a highly thematic investment opportunity for EQT,” said Arvindh Kumar, partner and co-head of technology within EQT’s Private Equity Advisory Team.

“As one of the most active technology investors worldwide, EQT has deep software expertise and a broad network of advisors in the space. We look forward to partnering with Avetta and the management team on its next phase of growth and are excited to address some of the most pressing challenges in the supply chain sector."

EQT X is expected to be 35 per cent to 40 per cent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) pon Avetta based on the actual fund size and subject to customary regulatory approvals, according to the two firms.

With support from EQT, Avetta will continue with its development of new products and technologies and adoption of artificial intelligence and automation.

EQT and Avetta are committed to investing in innovation to address the critical challenges facing global supply chains today, they said.

“Our partnership with EQT propels Avetta into a new era of innovation and growth, reinforcing our dedication to fostering safer, more sustainable workplaces across our global clients and suppliers,” said Arshad Matin, CEO of Avetta.

“This transition is not just a significant milestone for Avetta but for the supply chain risk management (SCRM) industry at large. With the support of EQT, we are poised to enhance our product suite and operational reach further, as demonstrated by ‘Ask Ava,’ our pioneering generative AI risk assistant. As we embrace this exciting phase of expansion, we extend our deepest gratitude to WCAS for their unwavering support and partnership over the past six years.”

The transaction is subject to customary conditions and approvals and slated for completion in the coming months, pending customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.