Riverside makes second Swedish investment

The Riverside Company has made its second Swedish investment since opening its office in January of this year. The US-headquartered private equity house has acquired MetroTecknok, a strategic add-on to steel casting portfolio company Keycast Group, a cast steel components business.

MetroTeknik is Riverside Europe’s seventh transaction in 2008 and its second Swedish deal in the July. Deal terms were not disclosed for the purchase of MetroTeknik, which is based in Halmstad and specialises in steel components that are required for severe environments.

Riverside first invested in Keycast last August.