GP BC Partners, Canadian pension fund PSP Investments and other minority co-investors have sold their stakes in France-based Antelliq (formerly Allflex), a devices provider for animal identification and traceability, to US-based Merck in a deal valued at more than €3bn.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin