Blackstone to Acquire SEVES Group (Parent of SEDIVER) from Triton
June 6, 2024
Blackstone has entered into a definitive agreement to acquire SEVES Group S.à r.l., the parent company of SEDIVER Group, from funds managed by Triton. The deal, which furthers Blackstone's energy transition strategy by adding a leading manufacturer of high-voltage glass insulators, is expected to close in the second half of 2024 subject to regulatory approvals; financial terms were not disclosed.
- Buyers
- Blackstone (private equity funds affiliated with Blackstone)
- Targets
- SEVES Group S.à r.l. (parent company of SEDIVER Group), SEDIVER Group
- Sellers
- Triton Partners (funds advised by Triton)
- Industry
- Manufacturing
- Location
- Luxembourg
- Transaction Type
- Buyout
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