European deal volume in Q1 reached its second highest level across the previous 10 quarters, while mega-deals pushed aggregate value to a post-crisis peak, according to the latest Unquote Private Equity Barometer, published in association with Aberdeen Standard Investments.
Media report values the business at $1.16bn, with the two GPs buying their stake for $600m
Listing of the open-source enterprise software business is expected on 19 May 2021
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m