Newsletter Edition 88
Oct 23, 2025
EQT Targets $250bn US Investment Drive
Swedish private equity giant EQT AB plans to invest more than $250 billion in the United States over the next five years, marking a major acceleration of its North American ambitions across private capital, infrastructure, and real estate, according to a Bloomberg report citing CEO Per Franzen.
Speaking ahead of EQT’s investor day in New York, Franzen told Bloomberg TV that the US expansion represents a significant increase compared to the firm’s historical investment activity in the region.
EQT — now the world’s second-largest private equity firm by capital raised — is also preparing for a renewed push in Europe, where Franzen sees emerging opportunities as investors rebalance away from dollar assets and policymakers pursue more pro-growth reforms.
Beyond traditional buyouts and infrastructure, EQT is exploring an entry into the secondaries market, where investors purchase existing fund stakes at a discount. The firm has reportedly held early-stage talks with Coller Capital, HarbourVest Partners, and Pantheon as it considers acquiring or partnering with a dedicated secondaries platform.
Franzen confirmed that EQT is also strengthening its client solutions business, which could include expansion into secondaries investing.
The move underscores EQT’s broader strategy to build a diversified global alternatives powerhouse, spanning private equity, infrastructure, real estate, and secondaries.
https://www.privateequitywire.co.uk/eqt-targets-250bn-us-investment-drive/
Permira Prepares for $4bn Sale of Financial Data Firm Octus
Private equity firm Permira is preparing for a potential $4 billion sale of Octus, the financial data and intelligence provider formerly known as Reorg, according to a Reuters report citing people familiar with the matter.
The London-based buyout group has reportedly begun early discussions with investment banks ahead of a formal auction process expected in 2026, as it looks to capitalise on strong investor demand for data-driven assets. Sources said the valuation could exceed $4 billion, reflecting growing appetite for information providers whose datasets are increasingly leveraged to train AI models and enhance fintech products.
Permira acquired Reorg in 2022 and rebranded the business as Octus in 2024. Since then, it has focused on expanding the company’s global footprint and data analytics capabilities, particularly across credit markets and restructuring intelligence.
Both Permira and Octus declined to comment on the report.
https://inforcapital.com/news/permira-signals-4bn-sale-for-data-firm-octus/
Apollo Weighs $1.5bn Exit from Hispanic Grocery Platform Heritage Grocers
Apollo Global Management is exploring a potential sale of Heritage Grocers Group, its Hispanic-focused supermarket platform, in a deal that could value the company at around $1.5 billion, according to a Reuters report citing people familiar with the matter.
The private equity firm has reportedly hired UBS to oversee the process as it evaluates strategic options for one of its largest U.S. retail holdings.
Heritage operates roughly 115 stores across Illinois, Texas, Kansas, California, Nevada, and Arizona, under banners including El Rancho Supermercado, Cardenas Markets, and Tony’s Fresh Market. The business generates approximately $2 billion in annual revenue and $150 million in EBITDA, the sources said.
Apollo built the platform through a series of acquisitions, combining Tony’s and Cardenas in 2022 after purchasing the latter from KKR, and adding El Rancho Supermercado in 2023. The firm has a long history in the grocery sector, with prior investments including The Fresh Market, Smart & Final, and Albertsons.
The potential sale comes amid a period of softer performance for Heritage, following credit downgrades earlier this year tied to weaker consumer spending and immigration-related anxieties affecting key Hispanic shopping communities. Broader tariff uncertainty has also weighed on sentiment.
If completed, the transaction would represent one of the largest grocery exits of 2025, underscoring continued private equity interest in resilient consumer and food retail assets despite uneven spending trends.