contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


eq-plc-managers-transactions-fennogens-investments-sa

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

eQ operates in the financial services industry. The company is a brokerage firm and offers a wide range of financial services within corporate finance and asset management. Financial services include a range of structured products, insurance, private equity funds and other investment alternatives. Investments are found across the global financial market and across a number of sectors. The company's headquarters are located in Helsinki.

PEs often buy targets from other PEs. However, financial maneuvering is probably not the only thing they do in the company.  During a boom, this happened a lot as valuations kept growing, and a new buyer could expect this to continue during their tenure until they sold to the next buyer at an even higher valuation. Now, the PE-to-PE market is very stuck. Valuations and selling expectations have been pushed too high under the funds relative to comparables and the public market, and there is no room even with this balance sheet maneuvering to increase risk (returns), which would be another option.

PEs often buy targets from other PEs. However, financial engineering doesn’t seem to be the only thing they do in a company.

The most stereotypical private equity (PE) investment targets are small caps in traditional industries. After PE enters, their balance sheets are usually fully leveraged with debt in pursuit of returns. How attractive and generally interesting does a small cap company from a “boring” market sound in this market, one that cannot pay dividends due to too large a debt load? Market hype is at the complete opposite end: mega cap growth TECH from sectors with strong free cash flows (Nvidia, MSFT, Alphabet, etc.) Other PEs don’t buy these because they can’t perform their usual financial maneuvers, as the previous PE has already done so. Valuations of comparable companies in the IPO market are already sluggish. With a good dividend yield, one can sell to the public, but that’s not possible for these companies due to debt. It shouldn’t come as a surprise to anyone why the PE market is stuck. The exit is an interesting question, and how long it will take and what will trigger it? New zero interest rates? Forced sales when the extension of fund lifespans eventually comes to an end? Will it finally be admitted that returns will remain mediocre, below the public stock market?

I shouldn’t consider a significant improvement in results due to the Private Equity market picking up as nearly certain: The valuations of many growth companies have come down in the stock market, and this also pressures PE market valuations. For example, in the Nordics, QT, Admicom, Revenio, Talenom, Novo Nordisk, Ambu, Tomra, Nibe have faced enormous valuation compression, where multiples may have more than halved from earlier levels. Share prices may have fallen 70-80% from their peaks. Thus, it is harder to sell less known businesses if quality can be bought from the stock market at a relatively cheaper price. I acknowledge that the peer group here is completely wrong in relation to PE peers. The purpose is to illustrate what the rise in interest rates did to the average valuation of growth companies. Inderes’ model portfolio is a great example of this: the model portfolio primarily consisted/consists of high P/E growth companies. The consequences have been accordingly in recent years. Can PE exit multiples be defended in the reality of elevated interest rates and declining stock market valuations? There is a huge willingness to sell in the PE market. PwC estimates it to be worth a trillion dollars. Will the bottleneck open without having to lower the price level of the assets for sale?                   linkedin.com              PwC: Private equity firms stuck with $1 trillion in unsold assets | Eric...    “According to accounting firm PwC, private equity firms are sitting on about $1 trillion of unsold assets capital that would typically have been exited under a normal cycle.  The average holding period for PE portfolio companies reached its longest...                             Analyst forecast changes over the last year summarized: down, down, down, down, down, down. It is concerning that this is not just about the 2025 results, but also 2026 and 2027 have decreased on the same scale. It is illustrative that EQ was forecast a year ago to make cumulatively about 150 million in operating profit for 2025-2027. That figure today is about 100 million. Thus, the can has not merely been kicked down the road. The direction of 2026 surprises for EQ is likely downwards. https://www.marketscreener.com/quote/stock/EQ-OYJ-1412428/consensus-revisions/ Communication from within the industry is also quite grim reading: “Per Franzén says inability to raise fresh funds may leave many firms only managing existing investments in coming decade” https://www.ft.com/content/49d2cb79-5e0b-4c71-9258-b3fea4ca70c4

CFO of Real Estate Business Aku Väliaho spoke about the eQ Community Properties fund at the Real Estate Evening.                   Inderes              eQ Yhteiskuntakiinteistöt sijoituskohteena | Kiinteistöilta 3.12.2025 -...    Aika: 04.12.2025 klo 08.16 Kiinteistöliiketoiminnan talousjohtaja Aku Väliaho avaa esityksessään eQ Yhteiskuntakiinteistöt -rahastoa sijoituskohteena.

Iikka and Sale are waiting for their turn on the bench, or how did that go again                    Inderes              eQ: Vielä odotellaan vaihtoaitiossa - Inderes    Aika: 03.12.2025 klo 14.14 eQ oli nollakorkoajan kuningas Helsingin pörssin varainhoitajien keskuudessa. Yhtiön kivijalka nojaa private equity- ja kiinteistörahastoihin. Analyytikko Sauli Vilén kommentoi videolla.                             Topics: 00:00 Introduction  00:44 eQ’s results have come down  02:22 What can be expected in the future?  06:29 eQ’s positioning in the competitive landscape  08:13 Was eQ a one-trick pony?  11:30 Why are we not on the ‘add’ side?

Excellent reflection! Let’s break down your arguments a bit and start with sales costs. If we consider that the company would hire, say, 5 people for international sales and their costs would be 400k/year, that would mean 2m/year, or about a 7% reduction in profit. A 5-person team would already be very large, and this scale would naturally not be pursued without some evidence of interest. With this hypothetical 5 people, I merely tried to emphasize the scale. If, on the other hand, placement agents are used, they take a certain percentage of ongoing fees. So, I don’t really see the financial investments being particularly large, and this growth should scale nicely. Lux structures. We agree on this; international sales are easier for Lux structures. Of course, for example, Evli has successfully done this also with domestic products, but even Evli has admitted that the volume would have been better with Lux structures. In my opinion, as part of international investments, the company should also establish Lux structures and related support functions. In monetary terms, these investments are not very large according to my understanding, but they do take time and effort. Are eQ’s products competitive enough? Now we’re at the heart of the matter, my friend! In Finland, competition in the PE sector has been limited, and buyers have had a strong desire to increase their PE allocations. Additionally, in Finland, eQ has had an extremely strong brand and a strong sales team (they know the customers, etc.). In international markets, you have none of this. In international markets, eQ must follow the same recipe as Mandatum/Evli/Aktia/Taaleri, as a boutique asset manager with certain very high-quality products. In my opinion, an international breakthrough would be a very strong indication of the quality of the company’s products. Currently, the probability of success in international markets is very difficult to assess, and I have not loaded any strong expectations for it into my sales forecasts. I also remind you that building international sales from scratch is slow. Customers don’t know you beforehand and make large one-time investments, so sales cycles can last considerably long. It’s not at all impossible that you get on the radar of institution X during the first year, and after that, institution X follows your development for 1-2 years before they are possibly ready to make an investment in your fund (a long due diligence process may still be involved with these investments). So, in summary, no quick impact on profit will be gained from here; rather, this is more about building a foundation for growth towards the end of the decade.

eQ Plc Managers' Transactions 30 May 2025 at 11:00 a.m. Person subject to the notification requirement Name: Fennogens Investments S.A. Position: Closely associated person (X) Legal person (...

eQ Plc Managers' Transactions 30 May 2025 at 11:00 a.m. Person subject to the notification requirement Name: Fennogens Investments S.A. Position: Closely associated person (X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer Name: Georg Ehrnrooth Position: Member of the Board Issuer: eQ Oyj LEI: 743700R4FA6AVH5J3D68 Notification type: INITIAL NOTIFICATION Reference number: 110248/5/4 ____________________________________________ Transaction date: 2025-05-28 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009009617 Nature of transaction: DISPOSAL Transaction details (1): Volume: 693160 Unit price: 11.73 EUR Aggregated transactions (1): Volume: 693160 Volume weighted average price: 11.73 EUR eQ Plc Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733 Distribution: Nasdaq Helsinki, www.eQ.fi eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.6 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. More information about the Group is available on our website at www.eQ.fi. <img src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTA5OTc3NiM0MDIxNTAzNzgjMjA5NTA4OQ==" alt=""> <img src="https://ml-eu.globenewswire.com/media/NjBkZjUyMWUtOWI1MC00MWIyLTkzYzItNGNkZTExY2NmMDFhLTExMDY2NjAtMjAyNS0wNS0zMC1lbg==/tiny/eQ-Oyj.png" alt="">