Bridgepoint exits DMC Power after 16-year hold, annual profits have risen 20-fold

Bridgepoint is selling its stake in power infrastructure connector tech specialist DMC Power to Golden Gate Capital after 16 years under the firm’s ownership. DMC was retained by Bridgepoint in 2013 when it sold the rest of aerospace components business Permaswage, which it had picked up in 2007, to Precision Castparts Corporation. Never miss a …