LBO France has bought a majority stake in French manufacturer of automation components Crouzet for an undisclosed sum from InnoVistaSensors, a company owned by PAI Partners, The Carlyle Group and Schneider Electric.
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022