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Intermediate Capital Group plc (ICG) and Krefeld SAS, the Hermès family office, jointly acquired Groupe Climater SAS, a French HVAC services provider, from Cobepa and Sagard at an implied enterprise value of approximately EUR 750 million.
The European Commission approved the acquisition of joint control of Climater HoldCo SAS by Krefeld SAS (France) and Intermediate Capital Group plc (UK), in the HVAC and plumbing sector.