Alantra has advised KKR’s portfolio company Crosby on the acquisition of lifting technology specialist Gunnebo from Segulah

May 23, 2019

Alantra, an independent global investment banking and asset management firm, has advised The Crosby Group (“Crosby” or the Company), a leading global provider of lifting, rigging, and material handling hardware and a portfolio company of KKR, on the acquisition of Gunnebo Industrier Holding AB (“Gunnebo”) from Segulah, a Nordic private equity firm.  Gunnebo is a global leader in innovating, developing, manufacturing and selling products for material handling and other related applications.

“Given our shared commitment to safe rigging and lifting and our equally committed and talented teams, this acquisition is a natural fit,” Bob Davies, Chief Executive Officer of Crosby, said in the Company’s press release. “Together we complement each other perfectly. Crosby and Gunnebo Industries will be able to deliver enhanced value for customers and channel partners by providing a broader product portfolio, enhanced support and training, expanded geographic presence and greater ability to offer innovative solutions.”

“We are very pleased to have worked with the Crosby and KKR teams on this important transaction.   The advisory role is a testament to Alantra’s model of combining global sector insights with strong local footprint and relationships” said Jonas Bauréus, Managing Partner at Alantra Stockholm.

“The combination of Crosby with Gunnebo, the European leader in its material handling niche, is very logical thanks to the complimentary business profiles and geographical footprints between the companies.  It seems clear that the combined company will be well positioned to provide an even greater customer experience.” said Frank Merkel, Managing Partner at Alantra Frankfurt and Global Head of the Industrial Automation Team at Alantra.

By Javier Saenz May 23, 2019 Corporate News, Press Releases

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