European private equity firm Exponent has raised €750m ($866m) through a continuation fund to extend its ownership of H&MV Engineering, as the electrical infrastructure specialist expands its presence in the US amid surging demand from data centres, AI and renewable energy.
The continuation vehicle was oversubscribed and values Ireland-headquartered H&MV at approximately €1.4bn. Apollo Global Management’s secondaries business, Pantheon and SQ Capital are among the investors backing the t...
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