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).
More on Buyouts
Green Arrow acquires Seven
GP is acquiring the stake from the Di Stasio family, which controls the Italian backpacks maker
Auctus buys Robert Bürkle from Nimbus
Sale ends a four-year holding period for Nimbus, which bought the firm from family owners
Ignite makes maiden investment with Cornerstone MBI
Kvika Securities provides equity for the deal, as the GP currently operates on a deal-by-deal basis
Talde acquires Tegor Group
Bilbao-based GP takes a majority stake in the Spanish cosmetic nutrition products supplier
Latest News
Valar et al. inject €20m into Qonto
Valar, Alven Capital and the European Investment Bank (EIB) back digital bank Qonto
Blackstone exits Versace to trade in €1.83bn deal
Blackstone sells 20% stake in high-end, Milan-based fashion brand Versace to Michael Kors
Accel leads $22m series-B for Snyk
Other participants in the funding round include GV, Boldstart Ventures and Heavybit
IQ and Eos in £5m round for Concirrus
Insurance data software company will invest in product development as it scales internationally
