Blackstone to acquire SEVES Group from Triton Partners.

Blackstone, an alternative asset manager, agreed to acquire SEVES Group, a manufacturer in electric insulation for power generation, transport and distribution, from Triton Partners, an investment firm. Financial terms were not disclosed. “SEDIVER has successfully built on its innovative heritage to become a truly global brand within the power grid supply chain. As a leading investor in the energy transition, we prioritise partnering with companies with strong, capable management teams, and work to help them fully capitalise on the growth opportunities available. We look forward to supporting Erik and the wider team in the next phase of its journey,” Juergen Pinker, Blackstone Senior Managing Director.