EQT’s Strategic Financial Investment in Acronis

EQT has acquired a majority stake in Acronis, valuing the company higher than its last funding round in 2022. This acquisition aligns with EQT’s strategy of investing in high-growth, profitable technology companies. Acronis, with its cloud business growing over 40% annually, fits this profile. EQT plans to support Acronis in accelerating growth, innovation, and expanding its market presence, especially in digitalization and AI. EQT’s role as a majority stakeholder will bring stability, shared growth vision, and enhance Acronis’ financial strategies, focusing on capital allocation, revenue growth, and profitability.

What is the current valuation of Acronis and what factors contributed to the current valuation? How does this acquisition reflect EQT’s broader investment strategy in the technology sector?

The transaction values Acronis above the valuation it received last growth funding round completed in 2022. EQT is one of the world’s largest and most active technology investors and we have long admired Acronis for its performance, innovative products and strong market position. We’re excited to support the business on the next leg of its journey.

Can you elaborate on the financial rationale behind acquiring a majority stake in Acronis now? What key metrics and forecasts influenced EQT’s decision?

Acronis is a proven, high-growth, profitable business in a growing market – for example, the ARR of its cloud business is growing more than 40% year on year. These are exactly the kind of characteristics we look for when investing through our private equity strategy.

How will EQT’s role as a majority stakeholder influence Acronis’ financial strategies, particularly in terms of capital allocation, revenue growth, and profitability?

The partnership between EQT and Acronis builds upon a shared growth vision, commitment to accelerating the expansion of its platform, and continued focus on customer service. We add stability as a major anchor shareholder and fully share the management’s strategy and vision for growth. As our track record shows, we help companies to accelerate growth and innovations, and expand their geographical footprint and customer base.

How does EQT plan to support Acronis in terms of technological advancements and innovations? Can you provide specific areas where EQT’s investment will drive technological growth and market competitiveness in the Middle East?

EQT has dedicated, in-house teams that support our portfolio companies in almost all areas of digitalization, sustainability and other operational areas. For example, we have a team of around 50 people dedicated to AI, meaning we can support companies like Acronis in finding the ways to use AI to make them better, more efficient businesses.