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Triton exits SEVES Group to Blackstone’s energy-focused PE division

June 7, 2024
Real Deals

Triton Partners has sold SEVES Group, the parent company of SEDIVER Group, to Blackstone. SEVES Group, established in 2002, specializes in electrical insulator technologies for high-voltage transmission grids.

The acquisition was made by Blackstone's energy-focused private equity division. This move aligns with Blackstone's strategy to invest in critical infrastructure and energy sectors.

Triton Partners, known for its investments in Northern Europe, had previously acquired SEVES Group to enhance its market position and technological capabilities. The exit to Blackstone marks a significant transaction in the energy and private equity sectors.

For more details, visit the full article on Real Deals.

Tags
Companies
SEVES
Industry
Energy
Private Equity
Electrical Equipment
Type
exit
Strategy
large cap
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nordics
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