Kline hill leads $215m continuation fund deal for growing GEC portfolio company Estis
Energy tech-focused private equity firm GEC has completed a $215m continuation fund for its portfolio company Estis, with Kline Hill Partners the sole lead secondaries buyer among a consortium of institutional investors.
Press •
Alt Assets •
September 27, 2023
Estis, which specialises gas and fluid lift technology for the petrochemicals market, has grown its EBITDA by 5x since GEC’s buyout in 2019 through its $174m Fund III. Firm managing partner Jonathan Fairbanks said, “We are extremely proud of Estis’ success thus far, and the attractive returns we have generated for existing investors…
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