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The executive team of Safic-Alcan, together with existing private equity partners EMZ Partners, Sagard and Société Générale Capital Partenaires, announced a new transaction bringing in new investors Equistone, IK Partners and GENEO Capital Entrepreneur. Safic-Alcan will continue to be majority-owned by its management and employees.
LINXIS Group, together with its financial sponsor IK Partners, acquired Shaffer, a manufacturer of industrial mixers and process equipment, from Bundy Baking Solutions. The Bundy family will remain as minority owners.