The International Petroleum Investment Company of Abu Dhabi (IPIC) has acquired 70% of the shares of MAN Ferrostaal AG from MAN AG, which retains a 30% stake. MAN Ferrostaal will continue as an independent company.
Deal is the first add-on since Main Capital acquired it in June 2019
Fund invests in North American and European businesses operating across the financial services sector
New funding will be used to accelerate growth in new markets such as Asia-Pacific and Latin America
Team includes partners Oliver Rochman and Rob Mailer, and two associates