- Warburg Pincus backs Infinite Electronics
- Bulgin opened a new site in Tunisia and new headquarters in Cambridge after Equistone acquired the firm
- Bulgin and Equistone were advised by Houlihan Lokey (M&A) and Travers Smith (legal)
Equistone Partners has agreed to sell its majority stake in Bulgin, a manufacturer of harsh environment connectivity products, to Infinite Electronics.
Infinite Electronics, based in California, is backed by Warburg Pincus and has a global portfolio of in-stock connectivity product brands.
Equistone bought Bulgin from Elektron Technology in 2019, and since then, the firm has opened a new site in Tunisia and new headquarters in Cambridge in the UK. The firm employs more than 680 people across its locations in the UK, North America, Asia-Pacific and North Africa.
“Equistone has a strong track record of successful investments within the industrials sector,” said Tristan Manuel, investment director at Equistone. “Over the course of our partnership, Bulgin has transformed their operational infrastructure, enhanced their product offering through R&D and broken ground in a number of new markets.”
Equistone is investing its sixth buyout fund, which held a final closing at its €2.8 billion hard cap in March 2018 and has recently launched the Equistone Reinvestment Fund.
Bulgin and Equistone were advised by Houlihan Lokey (M&A) and Travers Smith (Legal).
Equistone, headquartered in London, is an independent investment firm that invests between €25 million and €200 million in mid-market companies. The firm has completed over 400 transactions in this period and operates across France, Germany, Switzerland, and the UK.
On the add-on side, in January, Equistone bought majority stake in Nexus, a tech-driven business mobility provider.