Strix sold to ABN AMRO

Montagu Private Equity has realised its investment in kettle control manufacturer Strix Group Limited in a secondary buyout transaction to ABN AMRO Capital. The value of the transaction has not been disclosed.

Montagu Private Equity invested in Strix in 2000 when the firm was still captive as HSBC Private Equity.

Ian Taylor, UK Head of ABN AMRO Capital, said: “Strix is a high quality business, occupying a leading position in its market. We look forward to working with management to build on its 20-year record of technical innovation, design, quality

and safety and to realise its significant growth prospects.”