FRANCE - European Capital invested EUR 22m in Global Design Technologies

Bridgepoint acquired a majority stake in the company in a secondary buyout in June 2007. Vendor Stirling Square Capital Partners generated a money multiple of around 6x from the sale which was facilitated by a Lazard and Steen Associates-run auction aimed at private equity and industrial bidders.

SSCP created the company in January 2005 from the merger of France-based Permaswage and US-based Deutsch Metal Components, which were simultaneously the subject of management buyouts for a total enterprise value of $125m. The merger enabled synergies, notably in technology sharing, manufacturing and management.

With headquarters in Les Clayes-sous-Bois, near Paris, and Gardena, in the US, GDT manufactures coupling systems for rigid tubing and pipes used in the aerospace, defence and power-generation sectors. The company, which currently employs 630 staff, will aim to grow both organically and through acquisitions. Revenues increased from $61m in 2003 to $93m in 2006.

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