Primaca Group has bought Metso Foundries Karlstad AB, a manufacturer of large, hand-molded iron castings, for EUR 15m from Metso Corporation. The vendor will retain a 16.7% stake in the new company, Heavycast AB.
Founders of the online Alpine tourism platform will continue to hold a stake in the business
Company intends to use the fresh capital to further boost its expansion across Europe and scale up its team
Sale process was initiated by Courtepaille's PE sponsor Intermediate Capital Group, which filed for a receivership procedure in July
Switzerland-headquartered Hermes Capital Group acquired Mattenbach in November 2019