Industri Kapital Buys Schenck

Industri Kapital has bought a majority stake in Germany's Schenck Process from HgCapital for an undisclosed sum.

Schenck specialises in industrial weighing, feeding, screening and automation equipment and solutions. HgCapital bought the business from German automotive technology group Durr in 2005, since which time the firm has helped it grow revenues to Euro350m (US$470m) per year.

HgCapital was advised by Greenhill and Clifford Chance. Industri Kapital was advised by Sal. Oppenheim, Lazard and Freshfields.