Funds managed by Hamilton Lane have led an investment in a single-asset continuation fund established by private equity firm Latour Capital to acquire global uninterruptible power supply manufacturer Gutor from Latour’s 2019 vintage fund.
The transaction marks Latour Capital’s first continuation fund and underscores its conviction in Gutor’s long-term growth prospects. The vehicle was led by funds managed by Hamilton Lane and Ardian, with Patria serving as co-underwriter. The deal also received meaningful backing from existing Latour limited partners, alongside significant reinvestment and new capital from Gutor’s management team.
Founded in 1946 in Switzerland, Gutor designs, engineers and manufactures mission-critical uninterruptible power supply systems for energy and industrial customers. The company also provides multi-decade maintenance services aimed at optimizing product efficiency. Following Latour’s carve-out of Gutor from Schneider Electric in August 2023, the business has expanded its global footprint through commercial acceleration across regions, operational and industrial improvements, diversification into new market segments and growth of its service operations.
Gutor serves a blue-chip and diversified customer base across power end-markets and is positioned to benefit from structural growth trends including electrification, decarbonisation and accelerating digitalisation.
Latour will continue to support Gutor’s management team as the company advances its long-term strategy, with a focus on operational excellence and selective growth initiatives.
KEY QUOTES
“Through targeted operational enhancements, Latour Capital has helped transform Gutor into a global leader with a resilient, service-led business model and we are pleased to lead the continuation vehicle for Gutor to support its next phase of growth globally. Leveraging the expertise of Latour and the Gutor management team, we see this as a compelling opportunity to back a proven business with room to grow.”
Keith Brittain, Co-Head of Secondary Investments at Hamilton Lane
“For 80 years, Gutor has continued its unique journey of growth and value creation for our company, our customers, our shareholders and our employees. Our solutions represent the last line of defence for our customers’ critical infrastructure. Our people, technology and services, combined with our proven and resilient business model, are at the core of the Company’s value and mission. We are very pleased to announce the continuation fund alongside the Latour Capital team, lead investors Hamilton Lane and Ardian, as well as all reinvesting limited partners of Latour Fund III and the Gutor management team.”
Djamel Idri, CEO of Gutor
“Gutor exemplifies the type of resilient, high-quality business we seek to back at Latour Capital. Since the carve-out, the Company has transformed into a standalone global leader in mission-critical UPS. We believe Gutor remains at an inflection point in its value creation journey. This Continuation Fund allows us to crystallise value for our investors while maintaining our conviction in the Company’s long-term growth.”
Gaspard Lacoeuilhe, Partner at Latour Capital
