Clearlake Capital Group-backed Sage Automotive Interiors has acquired a majority stake in Italian automotive interior fabrics producer Apollo.
Following the transaction, US-based Sage will expand its business into the European market, in particular across eastern Europe, given Apollo's presence in Romania. The deal marks the second acquisition...
Fund's predecessor, Capzanine 3, also closed on its €350m hard-cap in 2013
Deal marks the second acquisition for the GP’s third vehcle, Quadrivio Private Equity Fund 3
Deal follows a similar investment in the oil exploration business earlier this year
Adveq invests €10m, while HPE Growth Capital provided the initial €20m in May