Bridgepoint Puts Up $770M To Acquire AHT From Quadriga

Law360, New York (September 3, 2013, 4:37 PM EDT) -- London private equity house Bridgepoint Capital Ltd. has agreed to acquire Austria's AHT Cooling Systems GmbH from Quadriga Capital and Partners Group in a deal valued at €585 million ($770 million), Bridgepoint said Tuesday.

AHT had been majority-owned by Quadriga, a German private equity firm, since 2006. The refrigeration company has production sites in Austria and China and has set a 2013 revenue forecast of roughly €330 million, according to previous AHT releases.

The deal is subject to antitrust approvals and is expected to close in October. The...
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