One Equity Partners has acquired Walterscheid Powertrain Group (previously known as GKN Off Highway Powertrain) from turnaround specialist Melrose Industries.
Existing investors Goldman Sachs Growth, Ampega and Finleap also back the round
HIG, alongside the Royo family, retains Royo's shower tray business, which operates under the Fiora brand
Nordic firm has appointed four people across wealth advisory, alternative investment and marketing
For the year ending on 31 March 2020, the company generated £1.6m in EBITDA, from revenues of £27.1m