EQT Sells Innovyze for $1 Billion as Divestment Spree Continues

EQT AB, one of Europe’s biggest private equity companies, has agreed to sell Innovyze Inc. to Autodesk Inc. for an enterprise value of $1 billion, marking the latest in a string of divestments by the Swedish firm.

The deal comes less than a month after EQT Chief Executive Officer Christian Sinding outlined his plan to exit “significantly” more companies this year than in 2020, provided the market stays strong. The strategy has so far found favor with investors, and EQT’s stock price is up about 260% since a September 2019 listing.

The sale of Innovyze, which provides water ...