Beleaguered industrial holding Arques Industries has sold distribution company Actebis to Droege Capital GmbH, a subsidiary of Droege International Group. Depending on the future performance of the group, the purchase price will be at least EUR 40m.
Gyrus is fundraising for both its open-ended Cortex Fund and closed-ended Principal Fund
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions