Sale to EQT Partners

Technology & Services
Sale to EQT Partners


Baird served as exclusive financial adviser to Cardno Limited


XP Solutions (“XP” or the “Company”), a business unit of Cardno Limited (“Cardno”) (ASX: CDD), was recently acquired by EQT Partners (“EQT”).

XP Solutions is a leading global provider of water infrastructure and flood control software to the civil engineering and environmental sectors. XP's solutions offer hydraulics and water flow analysis for drainage infrastructure design, storm and flood modeling and visualization, and incorporate extensive regulatory standards and content. The Company is based in the United States and serves clients across the Americas, Asia Pacific and Europe, Middle East and Africa regions. XP is headquartered in Portland, Oregon.

Cardno is a professional infrastructure and environmental services company, with specialist expertise in the development and improvement of physical and social infrastructure for communities around the world. Cardno’s team includes leading professionals who plan, design, manage and deliver sustainable projects and community programs. Cardno is an international company, listed on the Australian Securities Exchange. Cardno is headquartered in Brisbane, Australia.

EQT is a private equity group in Europe with approximately EUR 30 billion in raised capital. EQT funds have portfolio companies in Europe, Asia and the United States with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT is headquartered in Stockholm, Sweden.

For additional information about this transaction, please contact:

Chase Sanders +1 (202) 303-1807
John Lanza +1 (414) 298-7669
John Moriarty +1 (650) 947-6811
Kristy Obuchowski +1 (312) 609-7023
Jonathan Harrison +44 (207) 667-8414
Technology & Services
Sale to EQT Partners
September 2016
XP Solutions
Technology & Services
Target Location
North America
Acquiror Location