LONDON (Dow Jones)–IK Investment Partners Monday said it has agreed to sell French building equipment company Etanco to 3i Group PLC (III.LN).
Financial details of the transaction weren’t disclosed but a person familiar with the situation told Dow Jones Newswires that the deal valued the company at EUR370 million.
Etanco makes building fasteners and fixing systems for the building and construction industry. Its range of 80,000 products grouped under four main categories: waterproofing, roofing, safety and facades. Based in France, Etanco is also present in Italy and Eastern Europe.
3i plans to grow the company across Europe by acquisition and the development of new products. […]
via IK Investment Partners Sells France’s Etanco To 3i Group – WSJ.com.