AXA Private Equity has acquired German manufacturer of hand-held power tools from New York based investment advisor GSO Capital Partners. The management team led by Jörg Kempfing and Dr Josef Kring also invested and will holds a minority stake in the company.
GP has reportedly acquired a stake of around 75% for almost SEK 100m (€9.8m)
GP invests in the company via its Industry 4.0 fund, which was launched with a €300m target in 2018
GP intends to create a platform for new acquisitions across the professional education sector in Spain
Ian Connatty, head of funds at British Patient Capital, updates Denise Ko Genovese on the investments made by the LP in 2020