Steadfast Capital has sold its stake in Kautex
Maschinenbau to the management and fund manager Capiton for an
undisclosed amount.
Kautex manufactures extrusion blow
moulding machines used for the production of industrial and packaging
products. Steadfast initially backed the management of the Bonn,
Germany-based company in April 2007. The firm has made a 3.6x return and
an IRR of 25 per cent from the deal.
Steadfast is
currently investing from its third fund, which is thought to be closing
in on its €250m target. Its maiden deal from this vintage, the
investment in Barat Ceramics Group last October, was its first buy in
two and a half years.
No comments:
Post a Comment