Morgan Stanley Private Equity and BAST Investment Group have acquired a 38.5% stake in specialty steel producer Breitenfeld AG from the majority shareholders Fides Privatstiftung and Fortis Privatstiftung, who recently bought back the shares owned by financial investor DZ Equity Partner GmbH.
GP invested in the clamping tool manufacturer as part of a succession plan for the company
Sale ends an eight-year holding period for EV Private Equity, which bought a 56% stake in the company
Praetura is currently investing from its EIS 2020 Fund, which closed on £7m in February 2020
Cube3 is intended to help Italian investors gain exposure to international investments strategies