Equistone to acquire Amadys from Vectis.

Equistone Partners Europe is set to acquire Amadys, a provider of passive network equipment solutions, from an investment fund Vectis Private Equity. Financial terms were not disclosed. The management team will reinvest and will retain a sizable minority share in the company. The transaction is expected to complete in early 2020 and remains subject to clearance from the relevant competition authorities. "We are very impressed by Amadys’ strong market position, earned by providing an exceptional level of expertise and service to its customers and OEMs. In partnership with Amadys’ excellent management and employees, we look forward to supporting the company’s continued growth trajectory,” Hubert van Wolfswinkel, Equistone Director.