Barclays Private Equity (BPE) is reportedly seeking to divest its power conversion portfolio company Converteam. An auction process, which could see the company sell for around EUR 1bn, has attracted interest from a number of private equity houses.
Fund has an €80m target and invests in seed, series-A and series-B rounds in the space technology sector
Sale follows a competitive process initiated in July 2019 as part of the company's restructuring
Bolt-on of cable installation market peer is subject to competition authority approval
GP acquired a majority stake in the Romanian recycling business in April 2016