EQT Agrees to Sell Ottobock Stake Back to Billionaire Family

EQT AB agreed to sell its stake in Ottobock SEback to the German prosthetics company’s controlling shareholders.

The buyout firm sold its 20% holding in Ottobock to billionaire Hans Georg Näder and his family, it said in an emailed statement Wednesday, confirming an earlier Bloomberg News report. The sale fetched about €1.1 billion ($1.2 billion), valuing Ottobock at roughly €5.5 billion, people with knowledge of the matter have said.

EQT said it expects the deal to be completed in the first half of the year.

The Näder family is set to finance the acquisition with a €1.1 billion ...