Triton sells shares in Gas Control Equipment

BA Capital Partners Europe (‘BACPE’), the European private equity arm of Bank of America, has acquired a majority of the shares in GCE Holding AB, the parent company of the Gas Control Equipment Group (‘GCE’) from the European private equity firm Triton. Financial details of the transaction were undisclosed.

Headquartered in Sweden, GCE is a leading European producer and distributor of equipment and systems for flow and pressure control of industrial and medical gases, with a strong pan-European network including sales and supply companies in 13 countries. Triton acquired a 50% interest in the company in February 2004 for SEK193m and shortly after acquired an undisclosed amount in the company to secure a majority shareholding.