Kartesia and Farallon Capital completed the acquisition of Desmet Ballestra Group.

Kartesia and Farallon Capital, two European private equity firms, completed the acquisition of Desmet Ballestra Group, a provider of processing plants and proprietary equipment. Financial terms were not disclosed. “Desmet Ballestra has been one of our first investments in fund III, we have supported the business and its management team during the past 7 years, including the financing by fund IV of the acquisition of Mazzoni in 2017, a Milan-based soap equipment manufacturer. We are delighted to accompany the Group in this new development phase, alongside a highly competent management team which has become a key shareholder of the Group through the transaction,” Laurent Bouvier, Kartesia Managing Partner.