EQT has announced the launch of its Middle East platform and the opening of an office in ADGM, the international financial center of Abu Dhabi. The office is the first location within a broader regional platform that EQT expects to develop over time, reflecting the distinct priorities and market dynamics across the GCC. GCC economies are playing an increasingly important role in global capital flows and economic growth, supported by national development agendas focused on healthcare and life sciences, education, digital and technology, industrials, business services, infrastructure and energy transition.

EQT already has experience in the GCC through portfolio companies with an active presence in the region across investment strategies, including Nord Anglia Education, Virtusa, Banking Circle, Nothing and SAUR. Establishing a local platform will enable EQT to work more closely with these businesses and support other portfolio companies seeking to expand into the region. EQT’s Middle East platform is led by Jimmy Mahtani, who has been appointed Chairman of GCC, alongside his existing role as chairman of India and Southeast Asia for EQT Private Capital.

Per Franzén, CEO and Managing Partner of EQT, said the firm sees significant opportunities to support the growth of existing portfolio companies and invest in new businesses across sectors undergoing structural transformation.