Industri Kapital sells CPS Color

Industri Kapital, a European private equity firm, has sold CPS Colour Group, a Finnish tinting systems business, in a secondary buyout to Nordic buyout house Nordic Capital. No price was disclosed.

Based in Vanta, Finland and formerly known as Tikkurila CPS, Industri Kapital bought the tinting systems and supplies group in 2000. Since then, the company has undergone organisational and operational restructuring. In addition, Industri Kapital backed the bolt-on acquisition of Corob in 2002. As a result, the company’s revenues have doubled and EBITDDA almost tripled since 2000.