Investcorp in €240 million deal to acquire SPGPrints

 The global alternatives firm will buy SPGPrints from Bencis Capital Partners  

Global alternative investment firm Investcorp will buy SPGPrints, a provider of screen and digital printing for textiles from Bencis Capital Partners. The deal has an enterprise value of €240 million.

The transaction is pending regulatory approval, and is expected to close later this year. Investcorp declined to comment on the transaction.

SPGPrints is a global provider of integrated solutions for rotary screen and digital printing for textiles and graphic applications, and a manufacturer of precision metal components for a broad range of applications. The Dutch company operates in more than 100 countries and in 2013 generated revenue of €214 million.

This is the fifth acquisition from Investcorp this year.  Other acquisitions have included Tyrrells, Paper Source, Namet and Totes.

Bencis is a Dutch firm typically investing in Benelux countries. The firm spun out from NeSBIC Groep B.V., a Fortis subsidiary. In November 2011, the firm closed on €400 million its latest buyout vehicle, Bencis Buyout Fund IV, according to Private Equity International’s research and analytics division.