Kempen European Private Equity Fund, a closed-end investment fund, agreed to acquire GSRI, a supplier of testing, inspection, and engineering services. Financial terms were not disclosed. "GSRI has a solid client base consisting of water supply companies, municipalities, (semi)government institutions, and utility companies. Yet another important group of clients are concessionaires, such as electricity companies, airports, railway companies, motorways, and toll road operators. In many European countries, the infrastructure is obsolete, presenting interesting opportunities for GSRI’s international growth. We see significant opportunities in granting our clients access to such a company," Bram Bikker, Kempen Director of Private Markets.