I Squared Capital to acquire a majority stake in ENTEK for $800m.

I Squared Capital, an infrastructure investment manager, agreed to acquire a majority stake in ENTEK, a global manufacturer of battery separators, for $800m. “ENTEK exemplifies the type of critical, high-growth infrastructure platform that I Squared seeks to scale. ENTEK’s revenues are underpinned by long-term agreements with blue-chip clients, and its products are essential to U.S. re-industrialization and energy security. With DOE support and rising demand in EVs, energy storage, and defense, ENTEK is uniquely positioned to deliver sustainable growth for our investors and the US economy,” Gautam Bhandari, I Squared Capital Managing Partner and CIO.