Bridgepoint’s €450m buy

Michael Bow
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PRIVATE equity house Bridgepoint has bought energy sealing product maker The Flexitallic Group for €450m (£379m).

The UK company, which owns sandwich chain Pret A Manger, has bought the Paris-based business from French private equity outfit Eurazeo PME.

The Flexitallic Group makes sealing products for use in the oil and gas sector and is also set to push into alternative energy.