PRINT THIS PAGE EQT to acquire Strauss Innovation06/05/2008. Source: AltAssets. 
The EQT Opportunity Fund has agreed to acquire a majority stake in German private label retail chain Strauss Innovation via a capital increase. Following completion of the transaction, the current majority owner, the Geringhoff family, will continue to hold a significant stake in the company. Strauss has 108 stores in Germany. In 2007 it recorded revenues of approximately €250m.
Strauss Innovation is the fifth investment by the EQT Opportunity Fund, which launched at the beginning of 2006.
EQT Partners has offices in Stockholm, Copenhagen, Helsinki, Oslo, Frankfurt, Munich, New York, Shanghai and Hong Kong. Its investment focus is on medium-sized companies in Northern Europe and Greater China.
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