The Riverside Company, a global mid-market buyout firm, has closed its 16th deal of the year with the purchase of Swedish precision steel machining company MekoTeknik.
It is a strategic add-on to steel casting portfolio company Keycast Group. MekoTeknik specialises in machining the types of castings that Keycast produces.
With equity provided by Riverside Europe Fund III, the acquisition is Riverside seventh in Europe in 2008.
Tomasz Glowacki, a partner at Riverside, led the deal. Mezzanine financing for the acquisition was provided by Eqvitec Mezzanine, which specialises in mezzanine financing of small and medium sized buyouts and expansion of growth companies in the Nordic region.