EIM Capital and Apogee announced the acquisition of HPI from the Japanese group JTEKT.
HPI, based in France and Canada, specialises in designing and manufacturing hydraulic components based on external gear pump technology.
This carve out is the second joint operation between the two investment funds after the acquisition of Omniplast in the Netherlands.
EIM Capital and Apogee were advised by an Almain team, as lead counsel, led by Edgard Nguyen and Mathieu Mascher.
The JTEKT group was advised by Clifford Chance and DC Advisory.