Avance advises CapMan Buyout in the sale of Fortaco Group, the leading strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs, to private equity firm One Equity Partners. Under the ownership of CapMan, Fortaco has grown and become a market-leading, premium industrial company.

Closing of the transaction is expected in the second half of 2022 and is subject to regulatory approvals and customary closing conditions.