Accent Equity Partners portfolio company Hoist Technology has agreed to merge with French hotel and healthcare IT solutions supplier Locatel.
Move comes as funds invested in DC have exceeded £1bn, but exposure to private markets assets was already available to DB members
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group
GP intends to pursue an intense aggregation strategy with further acquisitions across the sector