EQT Agrees to $3.4 Billion Deal for Medical Device Firm Zeus

Buyout firm EQT AB has agreed to acquire medical device component manufacturer Zeus in a transaction that ranks among the largest health-care buyouts this year.

Stockholm-headquartered EQT will buy Zeus from its family owners via its EQT X fund, according to a statement on Monday that confirmed an earlier Bloomberg News report. Financial terms weren’t disclosed.

The deal values the Orangeburg, South Carolina-based Zeus at about $3.4 billion, including debt, according to people with knowledge of the matter, who asked not to be identified discussing confidential information. A representative for EQT declined to comment on the valuation.

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