Funds managed by CapMan Buyout are to sell their holdings in Fortaco Group, a strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs, to private equity firm One Equity Partners.

One Equity Partners will support the further development of the current and new offerings of Fortaco, including areas to strengthen value creation to customers and to provide the means for further international expansion.

Closing of the transaction is expected in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.

Read more: Private Equity Wire