The Paris Private Equity team advised Latour Capital, an independent management company, on the formation of a single-asset continuation fund to acquire Gutor from Latour’s 2019 vintage fund as part of a new leveraged buy-out.
Founded in 1946 in Switzerland, Gutor is the global leader of the mission-critical Uninterruptible Power Supply (UPS) market. Gutor designs, engineers, and manufactures the most reliable products for its energy and industrial customers and optimizes its products’ efficiency through multi-decade maintenance services. Following Latour’s successful carve-out of the company from Schneider Electric in August 2023, Gutor has further strengthened its leadership position globally through accelerated commercial development in all regions, targeted operational and industrial enhancements, diversification towards new market segments, and expansion of its service operations.
This transaction marks Latour’s first continuation fund and reflects its solid conviction in Gutor's long-term growth potential.
The continuation fund was led by funds managed by Hamilton Lane (Nasdaq: HLNE) and Ardian, and Patria as co-underwriter, with meaningful support from existing Latour limited partners and significant reinvestment and new investment from Gutor management.
The Goodwin team included:
For the continuation fund: Sarah Michel, Philip Spilberg, Alice Menetrier, Olivia Doble, and Martin Tinelli on fund formation matters and Simon Servan-Schreiber, Benhouda Derradji, and Marie-Laure Homolle d’Arras on corporate matters.
For the LBO transaction: Maxence Bloch, Simon Servan-Schreiber, William Ducrocq-Ferré, and Ruben Johannsen and Beyza Caliskan on corporate matters and Marie-Laure Bruneel and Paul Fournière on tax matters.