UK-based Exova, the material testing business owned by Clayton Dubilier & Rice (CD&R), has listed on the London Stock Exchange with a market cap of £550m.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio