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Majority stake Closed Dec 2020

Carrier Completes Sale of Beijer Ref Stake to EQT

Relationship map

Relationship map for Carrier Completes Sale of Beijer Ref Stake to EQTbacksparent ofEQT Fund Management S.à r.l.: Pe FirmEFEQT Fund Management S…Breeze TopCo S.à r.l.: Operating CompanyBTBreeze TopCo S.à r.l.Beijer Ref: PlatformBeijer Ref
Operating CompanyPe FirmPlatform

Parties

Acquirer
Breeze TopCo S.à r.l.
Operating Company
Target
Beijer Ref
Platform

Market signals

Summary

Carrier Global Corporation, through its subsidiary Carrier Refrigeration ECR Holding Luxembourg S.à.r.l., completed the previously announced sale of all outstanding shares of Beijer Ref AB to Breeze TopCo S.à r.l., a subsidiary of a fund managed by EQT. The transaction generated proceeds of approximately $1.1 billion.

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