Private equity firm Growth Capital Partners completed the acquisition of a minority stake in GTS Flexible Materials, a company that manufactures electrical laminates and heat activated adhesive tapes. Financial terms were not disclosed. “We’re happy to have GCP on board who are known for their long-term partnership approach in supporting companies like GTS scale through international expansion whilst maintaining the focus on quality. Our common goal will be to seize on the opportunities that we identified for our specialised insulation tapes and basefoils. Driven by a technology shift towards more light-weight and flexible circuit materials as well as market mega-trends like electrification of the transport sector we see a very promising outlook for our products," Stephan Wittkaemper, GTS Flexible Materials Director Global Sales.