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Arcadia, through its Arcadia Small Cap II fund, acquired majority stakes in KFL EST, a producer of custom air heat exchangers, and CBS EST, a manufacturer of copper tubes and distribution circuits for the HVACR sector. Both companies are based in Italy.
Arcadia Private Equity SGR, through the Arcadia Small Cap II fund, acquired a 60% stake in Kfl Est S.r.l. and Cbs Est S.r.l., both Italian HVACR specialists. Kfl Est manufactures custom heat exchangers, and Cbs Est produces custom products for air conditioning, refrigeration, and heating.