Announced
Completed
Synopsis
Metalogalva, , a Portuguese company in the area of engineering and steel protection, completed the acquisition of Fabrikat, a manufacturer of street lighting columns and guard rails. Financial terms were not disclosed. "We would like to thank Duke Capital for buying into our vision in a way which motivated us to drive significant growth in the company. Duke's capital enabled us to execute the MBO while the team supported us by becoming partners in our growth and success. Initially we went through a very competitive process but only Duke Capital's offer allowed us to keep 70% of the business that we had spent years crafting as the senior management team. And to top it off, we were able to keep control of the timing of the sale and the counterparty to whom we entrust the future of Fabrikat and our employees," Paul Allen, Fabrikat CFO.
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