Global law firm Freshfields is advising EQT X (“EQT”) on its agreement to acquire a majority stake in Adalvo, a leading asset-light B2B dossier developer.

As part of the transaction existing shareholders, including Aztiq, the holding company of Adalvo’s current Chairman Róbert Wessman, will reinvest part of their existing holdings and remain minority shareholders.

EQT will invest in the next phase of Adalvo’s growth journey through targeted investments in R&D, supply chain, and operational excellence, helping expand its product portfolio with new launches, expand the robust supply chain to cover a wide range of partners and jurisdictions, and enhance business development opportunities.

The transaction is subject to customary regulatory conditions and approvals. It is expected to close during H2 2025.

The Freshfields team advising longstanding client EQT is led by London based private capital partner Mark Brewer and senior associate Angus Scott, with partners David Brooks and Jon Scurr leading on commercial and IP matters. Partner Carol van der Vorst is advising on finance matters and partner May Smith is advising on tax matters.

Further info on the announcement can be found here.