HLD Europe has entered into exclusive negotiations with IK Investment Partners to buy a majority stake in France-based Exxelia Group, a manufacturer of passive components and electromechanical systems.
Fund has an €80m target and invests in seed, series-A and series-B rounds in the space technology sector
Sale follows a competitive process initiated in July 2019 as part of the company's restructuring
Bolt-on of cable installation market peer is subject to competition authority approval
GP acquired a majority stake in the Romanian recycling business in April 2016