STG Braunsberg, a portfolio company of Deutsche Beteiligungs AG (DBAG), is to acquire a majority stake in construction company IMD, according to a filing with the German competition authority.
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
Round sees participation from Generation Investment Management, Aglaé, Eurazeo, Goldman Sachs and Daphni
GP acquired the packaging producer from Capiton in 2016 and will retain a 20% stake in the business