Private Equity

Equistone latest to benefit from secondaries surge

The European mid-market firm is set to make three times return on sale of shutter maker to ICG

Thursday 25 June 2015 at 08:08

Equistone latest to benefit from secondaries surge

Equistone Partners Europe looks set to rack up a three-times return on the sale of a shutter maker to ICG, as secondary buyouts surge to a five-year high.

The European mid-market firm has entered exclusive negotiations with ICG to sell a majority stake in Stella, a French gates and shutter manufacturer, according to a statement.