Belgium-based Sofindev has acquired a majority stake in Netherlands-headquartered WVT Industries, an industrial cleaning products specialist, in a primary transaction.
Funding will be used to scale the company's platform for the US and Asia markets
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions