Three months after holding its first close, the Buy_Out Central Europe II Beteiligungs-Invest AG has acquired a majority stake in German foundry Buderus Giesserei Wetzlar GmbH and Austrian foundry Tiroler Röhren-und Metallwerke AG.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment