Gilde clinches fencing buyout from Bekaert

Gilde Investment Management, the Dutch turnaround and venture capitalist, has completed the leveraged buyout of the fencing unit of Belgium steel wire maker Bekaert.

The fencing unit was valued at €281.5m ($368.6m), in the deal and provides Bekaert with a €56m capital increase. Gilde takes on the unit's €118m of debt and will keep the management.

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