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US private equity firm Veritas Capital has agreed to take over British industrial services company Bodycote in a deal valued at approximately £1.8 billion. The acquisition marks a significant expansion for the American buyout group into European manufacturing support.
UK-based Bodycote Plc has received competing takeover bids, each valued at approximately £1.6 billion, from private equity firms CVC Advisers Ltd. and Veritas Capital.
Veritas Capital has announced the sale of Epiq Solutions to TTM Technologies in a transaction valued at $1.1 billion.
Veritas Capital has announced its intention to acquire Saber Power Services, a move that will expand its portfolio in the power infrastructure sector.