Stirling Square Capital Partners has bought a majority stake in French copper-wax thermostatic elements producer Vernet and its parent company Magnum Corporation.
GP used capital from IK VIII Fund to finance the deal, after acquiring Aspia PwC in February
Company will use the fresh capital to develop its digital platform and expand internationally
Business is headquartered in the Netherlands and lends to low-income populations
First round of funding from VC firms sees the startup rebrand from Onfocus to Adagio