Avedon Capital Partners has sold German metallic filtration business Seebach to UK-based John Crane, a division of Smiths Group, for an enterprise value of €60m.
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital
3i acquires the company for up to €16m, of which €8.7m was deployed on signing the deal