MIT Munich Industrial Technologies AG, via its Gulf One Buchanan Industrial Technologies Fund, has acquired a 25.1% stake in components manufacturer TB&C Outsert Center GmbH.
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US
VCs invested in the nanobodies developer in 2010; ChromoTek has been sold to a US-based market peer
Previously a portfolio company of Hg 6, Iris is now owned by Hg Saturn Fund, which closed on £1.5bn
Claire Heuberger will join the joint venture and partnering group, and will be based in Brussels