MML Capital Partners exits Vulcanic

MML Capital Partners ("MML") has successfully exited its investment in Vulcanic Group ("Vulcanic") to the French manufacturer of heating and cooling equipment and voltage transformers, via a secondary LBO led by Abnex.

Vulcanic is a European mid-market leader in the niche market of industrial heating and cooling solutions and electric transformers. The Group both produces and sells heating elements, temperature sensors, thermo regulator systems, air conditioners and low and medium voltage transformers.

Over the course of the investment Vulcanic have secured many new clients and undertaken expansion in the Middle East, China and Latin America.

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