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

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.

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