Lower mid-market private equity firm WestBridge has completed the sale of environmental consultancy APEM Group to Applus+ Group. The sale marks the third exit from WestBridge Fund II and delivers a 11.5x multiple.
WestBridge backed the management buyout of APEM Group in March 2019, working with the management team to implement its value creation model. WestBridge Partner Peter Barkley said “Alongside nine strategic acquisitions, we have refinanced the company and supported organic growth through...
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