Bilbao-based GP Talde Private Equity has acquired a majority stake in Engineered Fire Piping, a Spanish manufacturer of pipes for sprinkler systems.
Practice Point's management team will stay on with the business, which will continue to operate independently
Responsibilities will include leadership of the distribution relationships in France, Italy, the Middle East and Spain1
GP is currently investing from its 2019-vintage DIF Core Infrastructure Fund II
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return