CBPE Capital, a private equity firm, completed a majority investment in ETL Systems, a designer and manufacturer of RF distribution equipment used in the ground segment of the satellite communications market. Financial terms were not disclosed. “ETL is an excellent company with a reputation for product quality and innovation, a blue-chip international customer base and is led by a strong management team. The business operates in the attractive and growing satellite communications market and is well placed to capitalise on the opportunity ahead of it. We are delighted to have the opportunity to support the management team in delivering the next stage of ETL’s growth strategy,” Jolyon Latimer, CBPE Partner.