UK lower-mid-market investor August Equity has exceeded its £180m target to reach the £200m hard-cap for its latest vehicle August Equity Partners III.
Listing of the open-source enterprise software business is expected on 19 May 2021
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
Round sees participation from Generation Investment Management, Aglaé, Eurazeo, Goldman Sachs and Daphni