Cenntro Electric Group Acquires Majority Stake in Tropos Motors Europe

Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Telecommunications

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.

Workhorse Makes $10M Strategic Series B Investment in Tropos Technologies

December 15, 2022

Automotive

Workhorse Group, Inc. made a $10 million strategic lead investment in Tropos Technologies' Series B round to support Tropos' nationwide expansion and production growth. The transaction was arranged with Chicago-based Auctus Capital Partners acting as exclusive advisor, and Workhorse also entered a contract manufacturing relationship to supplement Tropos' production capacity.

CES Power Acquires Euro Touring Power

September 19, 2023

Industrial Services

CES Power, a portfolio company backed by Allied Industrial Partners, has acquired Euro Touring Power, a Dublin-based provider of electrical equipment and stage air conditioning rental for touring productions across Europe. The acquisition establishes a European hub for CES and supports the launch of CES Global as the company expands its mobile power, distribution, and temperature control services into Europe.

MiddleGround Capital Acquires Majority Stake in Helix (Integral Powertrain Ltd.)

July 29, 2024

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Integral Powertrain Ltd. (trading as Helix), a Milton Keynes–based designer and manufacturer of high-performance electric motors, inverters, and integrated drive units. The founding shareholders remain minority owners and MiddleGround plans to scale production, expand Helix's commercial footprint (particularly into the United States), and invest in new product development and manufacturing capacity.

Sensata Technologies Acquires Dynapower from Pfingsten Partners

July 13, 2022

Energy

Sensata Technologies agreed to acquire Dynapower Company, LLC from private equity firm Pfingsten Partners for $580 million in cash. The acquisition adds Dynapower's energy storage and power conversion manufacturing capabilities to Sensata's Electrification / Clean Energy solutions, supporting Sensata's goal to grow its electrification revenue.

Corporate Technologies Acquires Cenetric

August 18, 2025

IT Services

Corporate Technologies, a Tonka Bay Equity Partners-backed national managed IT services provider, has acquired Cenetric, a Kansas City-based managed services provider (MSP) serving small and mid-sized businesses. The deal expands Corporate Technologies' footprint to 18 U.S. markets and is its third acquisition since partnering with Tonka Bay in 2023.