Advention acts as strategic advisor on deal involving France Transmission 1
France Transmission 1, the France based fund of TCR Capital, the France based private equity firm, has acquired a 60% stake in D2FC energy valves SAS, the France based company engaged in developing valves for hydropower applications, as part of a management buyout, for an undisclosed consideration.
D2FC generated revenues of EUR 21m in 2012 and has a workforce of 72 employees. Post acquisition, the founders will leave the management of D2FC, but will retain the remaining 40% stake in D2FC.
- Created on .