Siparex, Initiative & Finance and BPI France completed the acquisition of a 51% stake in Rise Group.

French private equity firms Siparex, Initiative & Finance and BPI France completed the acquisition of a 51% stake in Rise Group, a manufacturer of mechanical and electronic equipment for the glass manufacturing industry. Carvest, a provider of investment services, and MBO & Co, a private equity firm, have exited the company. Financial terms were not disclosed.