Opening up a flow of business into the chemical and pharmaceutical industries in Europe and China, The Riverside Company has announced the purchase of ITT Richter Chemie-Technik GmbH, a leading supplier of pumps, valves, controls and related services to selected segments of the chemical, fine chemical and pharmaceutical industries. With this transaction, Riverside – the largest private equity firm investing in premier companies at the smaller end of the middle market – has tapped its third acquisition of 2006. Richter also marks Riverside Europe’s third purchase in the last four weeks; in late December, the firm’s European office closed the acquisitions of Diatron and Heat Seekers.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital