CVC Capital Partners acquires 50% stake in Gridspertise | AltAssets Private Equity News

▤ Summary

CVC Capital Partners has agreed to acquire 50% of Gridspertise, a smart grid OEM serving electricity infrastructure operators. Click to sign up to AltAssets’ free daily PE newsletter The size of the deal was not disclosed. CVC will help Gridspertise to enhance its go-to-market capabilities, diversify its geographical footprint and optimise operational performance. Gridspertise is a unique opportunity to leverage the growth of energy transition incentives offered by authorities worldwide.” The transaction is expected to close in Q4 2022. Earlier in the month, Nordic Capital and CVC completed the buyout and delisting of Cary Group, a European vehicle glass repair and replacement business.

▦ Linked Companies