EQT Targets Control of German Credit Score Firm Schufa
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Bloomberg Originals
- Buyout firm secures roughly 10% Schufa holding from SocGen
- EQT values Schufa at 2 billion euros based on SocGen stake
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EQT AB is in talks with the owners of Schufa Holding AG about taking control of the Germany’s equivalent to the FICO credit score firm in the U.S., according to people familiar with the matter.
The private equity firm has already secured a roughly 10% stake in the business from French bank Societe Generale and is in discussions with Deutsche Bank AG, Commerzbank AG, savings banks and other Schufa owners to gather more, the people said.
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EQT Targets Control of German Credit Score Firm Schufa
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