EQT Consortium Makes Bid for Fortnox, Valuing it at $5.5 Billion
STOCKHOLM–Swedish buyout group EQT and investor First Kraft offered to buy Fortnox in a deal that values the cloud-based accounting software developer at around $5.5 billion.
First Kraft currently owns 18.9% of Fortnox and will contribute the shares to a consortium it has formed with EQT, as they jointly bid to buy the remaining shares in the company.
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