Deal Roundup: Palladium completes $695m Trachte stake sale, Mayfair buys into VG

Palladium Equity Partners has completed the $695m sale of its majority stake in protection and control buildings specialist Trachte to trade buyer nVent Electric. Palladium acquired its stake in 2020. The company makes prefabricated steel substation control buildings and electrical equipment enclosures for utility, renewable energy, data centers and industrial applications. Palladium currently has more …