Barclays Private Equity has completed the management buyout of the Coventya Group in partnership with the company’s directors for an undisclosed amount.
The seller is NiXEN Partners.
The Coventya Group, headquartered in Clichy, France, develops and supplies electroplating and surface treatment for the automotive, oil industry, fashion and construction sectors. The company has a turnover of over €90m and operates in over 40 countries.
With the investment, which is still subject to approval from competition authorities, Barclays Private Equity intends to help the company pursue its ongoing development strategy, mainly through acquisitions in emerging markets.
FinSMEs
14/07/2011