Haniel Sells BauWatch Stake to Carlyle and CVC
Haniel has agreed to sell a majority stake in Dutch security firm BauWatch to Carlyle and CVC in a deal valuing the company at one billion euros. Carlyle and CVC will each acquire forty-five percent while Haniel retains ten percent.
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Carlyle Group and CVC Capital Partners have agreed to buy a majority stake in BauWatch at a valuation of €1B ($1.15B), people familiar with the matter said on Thursday morning. The private equity firms will each acquire a 45% stake in the security technology provider, while parent company Haniel retains a 10% holding. The transaction highlights continued private equity demand for industrial surveillance assets across Europe.
