Romanian transformer manufacturer controlled by SGB SMIT sold

Romanian power transformer manufacturer Retrasib Sibiu has been sold by the investment fund BC Partners to the US group One Equity Partners.

BC Partners sold its entire stake in SGB SMIT International, a German company that controls 67.4% of Retrasib. The transaction value was not made public, reports Romania Insider.

SGB SMIT is an independent power transformer manufacturer operating in Germany, the Netherlands, Romania, Malaysia, and USA. The group bought a stake in Retrasib in October 2014.

Source: Romania Insider