German GP Mutares has announced it has made a binding offer to carve out France-based ArcelorMittal TrefilUnion, a manufacturer of products from different kinds of steel, from the Luxemburg-based group ArcelorMittal.
Vehicle was registered in Luxembourg in September 2018 and held a first close earlier in the year
Fund will follow the same strategy as its predecessor, Accel London V, which raised €500m
GP sells Dutch petrochemical business BRB to Malaysia-based peer Petronas Chemicals Group
GP acquires a 37.5% stake in the low-calorie drinks brand and typically writes cheques of up to £10m