Key Takeaways
- • Hg and EQT agreed to sell Quantios, a SaaS provider to global trust and corporate services firms, to Vista Equity Partners, according to PEI Private Equity.
- • OpenGate Capital is set to carve out the heating, ventilation and air conditioning (HVAC) unit of Knorr-Bremse, per the same report.
- • The transactions point to continued private equity activity in European software and industrial carve-outs as of late July 2026.
Summary
PEI Private Equity reported on 30 July 2026 that Hg and EQT are selling Quantios to Vista Equity Partners. Quantios is a software-as-a-service provider serving global trust and corporate services firms, a niche with recurring-revenue characteristics that have drawn sponsor interest. The article, written by Nina Lindholm and filed under the Europe, UK, TMT and commentary coverage areas, frames the deal as part of a continuing wave of European technology exits moving to large U.S. software-focused sponsors.
Separately, the report says OpenGate Capital will carve out the HVAC business of Knorr-Bremse, the German rail and commercial vehicle supplier. Carve-outs of this kind allow a sponsor to acquire a non-core division from a diversified industrial parent and typically involve separation of shared operations and standalone financing. The source material available for this summary is limited to the publisher's brief, so deal values, financing terms and expected closing timelines are not confirmed here.
Taken together, the two transactions illustrate how European sponsors such as Hg and EQT are rotating capital out of mature software holdings while buyout firms like Vista and OpenGate pursue both software platforms and industrial divisions. Investors tracking exit activity and carve-out pipelines should consult the full PEI article for further detail on valuations and deal structures.
Separately, the report says OpenGate Capital will carve out the HVAC business of Knorr-Bremse, the German rail and commercial vehicle supplier. Carve-outs of this kind allow a sponsor to acquire a non-core division from a diversified industrial parent and typically involve separation of shared operations and standalone financing. The source material available for this summary is limited to the publisher's brief, so deal values, financing terms and expected closing timelines are not confirmed here.
Taken together, the two transactions illustrate how European sponsors such as Hg and EQT are rotating capital out of mature software holdings while buyout firms like Vista and OpenGate pursue both software platforms and industrial divisions. Investors tracking exit activity and carve-out pipelines should consult the full PEI article for further detail on valuations and deal structures.
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