FRANCE - Stirling Square sells GDT to Bridgepoint in $343m deal
Stirling Square Capital Partners has signed an agreement to sell Global Design Technologies (GDT) to Bridgepoint for $343m. GDT is a France/US-headquartered manufacturer of swaged permanent coupling systems for rigid tubing and pipes used in the aerospace, defence and power markets. The business was created through the simultaneous management buyouts of Permaswage of France and Deutsch Metal Components of the US, by Stirling Square in January 2005 at a total enterprise value of $125m.
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