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FRANCE - Stirling Square sells GDT to Bridgepoint in $343m deal

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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.

Under Stirling Square’s ownership, GDT has enjoyed strong and consistent sales growth and operating profit performance. The company has also benefited from significant capital investment and as a result revenues have increased from approximately $61m year ended 2003 to approximately $93m in 2006 and the number of employees from 437 in 2005 to over 630 today.
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