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EQT Is in Talks For Stake in Storable at $2 Billion Value

EQT Is in Talks For Stake in Storable at $2 Billion Value Bloomberg 12/16/2020 © Bloomberg A woman working on a laptop computer. (Bloomberg) European private equity firm EQT AB announced it would buy a majority stake in Storable in a deal that people familiar with the matter said valued the U.S. software maker at roughly $2 billion, including debt. Popular Searches An announcement Wednesday confirmed an earlier Bloomberg report. Cove Hill Partners, Storable’s private equity owner, will retain a minority stake in the Austin, Texas-based company, which makes software used by self-storage companies. The people asked not to be identified speaking about the value of the deal since financial terms weren’t disclosed.

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