Barclays Private Equity completes MBO of Coventya

Barclays Private Equity has completed the management buyout (MBO) of the Coventya Group for an undisclosed sum.

The Coventya group, which develops and supplies electroplating and surface treatment, has a turnover of more than €90m (£56.7m) and operates in more than 40 countries.

Its main target markets are the automotive, oil industry, fashion and construction sectors.

As a shareholder, Barclays Private Equity intends to pursue the company’s ongoing development strategy, notably through acquisitions in emerging markets.