
Capiton backs wind turbine engineering firm BWTS
German mid-market GP Capiton has invested in wind turbine maintenance firm BWTS.
Capiton aims to boost the company's growth domestically and internationally through both organic growth and acquisitions. It will also expand its service range to include rotor blade maintenance.
The deal is likely to have been completed with capital from Capiton V, a €440m fund that held a final close in 2014. Both of the founders of BWTS will stay on as managers and remain significant shareholders.
Company
BWTS provides wind turbine maintenance to energy suppliers and wind turbine manufacturers. It is based in Germany and has carried out onshore and offshore work on 1,600 windfarms across 19 countries.
Advisers
Equity – Deloitte (corporate finance, tax); BMH (legal); Willis (insurance due diligence).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds