Stirling Square Capital Partners has bought a majority stake in French copper-wax thermostatic elements producer Vernet and its parent company Magnum Corporation.
LDC retains a stake after reinvesting to support the company's future expansion plans
Company's management team, led by Richard Seguin, will retain a minority stake alongside Naxicap
GP acquires the spread business of Anglo-Dutch giant Unilever on a debt-free basis
Matsmart intends to focus on growing in the Nordic region and the rest of Europe