Miura PE backs MBO of GH Induction Group

The GP plans to grow the firm internationally by opening a new production plant in India, increasing production capacity in China and developing an American subsidiary business.

The company's management team have increased their shareholding in the company.

Company
Founded more than 50 years ago and based in Valencia, GH focuses on the design and manufacturing of induction heating technology for the automotive, cable, tube, renewable energies, aeronautics and medical sectors.

The firm has around 3,000 clients and reported sales in excess of €40m in 2011. GH employs 370 staff and has production plants in Germany, India, Brazil, the US and China.

People
Juan Leach, partner, and Jordi Alegre, investment director, worked on the deal for Miura Private Equity.

Advisers
Equity – Impulsa Capital (Corporate finance).
Company - BBVA Corporate Finance (Corporate finance).

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