Key Takeaways
- FountainVest Partners acquired Tikehau Capital for $335.0M.
- Sector: Manufacturing.
- Geography: Italy.
Analysis
FountainVest Partners has signed a definitive agreement to acquire a controlling interest in EuroGroup Laminations, the global specialist in electric motor stators and rotors. Under the deal, EMS Euro Management Services will sell its 45.7% stake at €3.85 per share—a 64% premium to the recent market price.
FountainVest will also purchase Tikehau Capital’s 7.9% stake, bringing its total control to approximately 55.3%.
The transaction values EuroGroup Laminations at approximately €626 million (about $730 million) and is expected to close in H1 2026, subject to regulatory and shareholder approvals. Following closing, the consortium will launch a mandatory tender offer to acquire the remaining shares and delist the company from Euronext Milan.
Headquartered in Italy, EuroGroup operates across Europe, Asia, and North America with 15 manufacturing sites and is positioned to benefit from global electrification trends and increasing demand for components in electric vehicles and e-mobility infrastructure.
Following completion, CEO Marco Arduini and the current management team will continue in their roles to execute growth plans under new ownership.
This deal follows a broader wave of private equity interest in electric motor and e-mobility suppliers. For instance, MiddleGround Capital acquired majority control of Integral Powertrain (Helix), a leading designer of electric motors and drive units, in July 2024 to tap into rising EV demand in Europe and North America.
Take-private transactions have accelerated in Europe and North America, with over $132 billion in such deals announced by mid-2024—underscoring PE appetite for industrial assets with durable growth trajectories.
Another recent benchmark is the acquisition of UK smart meter provider Calisen by EQT and GIC at a valuation of approximately £4 billion, part of a broader strategy of investing in energy transition platforms in Europe.
These trends reflect increasing investor interest in businesses that support electrification, sustainable infrastructure and B2B industrial services, especially those with scale, vertical integration, and strategic positions in fragmented markets.