Private equity firm B & Capital has backed France-based Steliau Technology, an electronic components and materials distributor, while Isatis Capital and Siparex Intermezzo divested the business.
Investment was reportedly equally split between equity and debt
Pfaudler's listed subsidiary, GMM Pfaudler, acquires an 80% stake in the business
Lawyers were originally part of a team hired from Kirkland & Ellis's London office in April 2016
Space-tech startup has so far raised $152m since being founded in 2015