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As per individuals with knowledge of the situation, EQT, a European private equity behemoth, is contemplating the sale of its stake in SUSE, an open-source software company. The deal valuation could soar to as high as US$6 billion (around €5.1 billion). Presently, EQT has engaged investment bank Arma Partners to approach potential private equity buyers. However, the discussions are still in their nascent stages, and it's uncertain whether the deal will materialize. SUSE, an enterprise-level open-source software company, offers products that assist businesses in running applications on cloud servers, mainframes, and edge devices. Its clientele includes industry giants such as Walmart, Deutsche Bank, and Intel. Should the deal be finalized at US$6 billion, SUSE's valuation would double within a mere two and a half years.
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