Barclays Private Equity and LBO France have sold 90% of French power conversion and engineering company Converteam to General Electrics for $3.2bn - around 13x EBITDA.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m