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Vernet Group, a portfolio company of Stirling Square Capital Partners, acquired Rostra Vernatherm, a portfolio company of Nikel Holdings and Valencia Capital, for an undisclosed amount. Rostra makes thermal control products for aerospace and defense, automotive and general industrial markets and will be renamed Vernatherm by Vernet.
A merger control filing dated 29 September 2017 concerns SSCP Thermal Bidco's acquisition of shares and control of Vernet SAS and Magnum Corporation, makers of pressure regulating and relief valves, thermostatic cartridges and automotive spare parts.