European Capital Sells Metall Technologie

European Capital Ltd. has closed the sale of Metall Technologie Holding GmbH. LOI Thermprocess GmbH, a subsidiary of Tenova SpA, was the buyer. Financial terms weren't announced. European Capital, which is backed by American Capital, said it earned a 1.6x money multiple on its investment. MTH, of Menden, German, provides industrial heat treatment technology and aftermarket services.

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