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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