Swiss private equity firm Capvis Equity Partners has entered into a definitive agreement to sell its stake in Italian hydraulic couplings manufacturer Faster Group to US-based hydraulic and electronic components producer Sun Hydraulics Corporation.
Shares are sold by shares were held by CapMan Buyout X Fund A and CapMan Buyout X Fund B
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Business strategy platform will expand its product and triple its team size
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services