Electra Private Equity is reported to be putting Capital Safety, the height safety equipment business, up for sale. It is thought the asset will fetch between £200-250m at auction with Permira and Advent International expected to bid.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn