A spike in number of €1bn+ deals recorded in the final three months of 2016 helped bolster the European private equity market against a further weakening in deal volume, according to the latest unquote” Private Equity Barometer, published in association with SL Capital Partners.
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
Move comes as funds invested in DC have exceeded £1bn, but exposure to private markets assets was already available to DB members
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group