Alantra advised KKR’s portfolio company Crosby on the acquisition of lifting technology specialist Gunnebo from Segulah

Jun 2019

Buy-side advisory

Alantra has advised The Crosby Group (“Crosby” or the Company), a leading global provider of lifting, rigging, and material handling hardware and a portfolio company of KKR, on the acquisition of Gunnebo Industrier Holding AB (“Gunnebo”) from Segulah, a Nordic private equity firm. Gunnebo is a global leader in innovating, developing, manufacturing and selling products for material handling and other related applications.

“Given our shared commitment to safe rigging and lifting and our equally committed and talented teams, this acquisition is a natural fit,” Bob Davies, Chief Executive Officer of Crosby, said in the Company’s press release. “Together we complement each other perfectly. Crosby and Gunnebo Industries will be able to deliver enhanced value for customers and channel partners by providing a broader product portfolio, enhanced support and training, expanded geographic presence and greater ability to offer innovative solutions.”

“We are very pleased to have worked with the Crosby and KKR teams on this important transaction. The advisory role is a testament to Alantra’s model of combining global sector insights with strong local footprint and relationships” said Jonas Bauréus, Managing Partner at Alantra Stockholm.