Bridgepoint Development Capital (BDC) has sold industrial machinery installation business Beck & Pollitzer to Graphite Capital.
The transaction represents a 1.7x money multiple for BDC, unquote" understands. It also marks the fifth consecutive period for the business under different private equity owners. Under its new owners,...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board