HgCapital and Capvis join forces

HgCapital has joined Capvis in its EUR325m aquisition of fastenings and sealing technology company Koenig Verbindungtechnik, a subsidiary of German-listed Klockner & Co. The two backers will enjoy equal rights as investors and the transaction is subject to approval by the relevant competition authorities. Capvis acquired KVT in July with equity from EUR600m fund Capvis III.

KVT sells force fitting fasteners, rivet systems, screw threads, adhesive products, related automation solutions and expanders for hydraulics and automotive applications. It employs more than 200 staff in Switzerland, Germany, Austria and Poland.

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