PRIVEQ Capital Funds leads MBO of Kraus Global
Canadian private equity firm PRIVEQ Capital Funds has acquired Kraus Global Ltd in partnership with members of the company's management team. The value of the management buyout was not released, however, PRIVEQ disclosed its $6.2 million investment in the deal. Based in Winnipeg, Kraus is a designer and manufacturer of compressed natural gas refueling dispensers and electronic control systems in North America. The partnership with PRIVEQ is intended to support its next phase of growth, Kraus said. The Toronto-based PRIVEQ, which manages $85 million in portfolio assets, invests in lower mid-market businesses in Canada and the United States.
12 January 2015•2 mins read
