CapVest Said to Near €1.8 Billion Deal for Energy Infra Firm TSG

CapVest Partners is nearing a deal to acquire a majority stake in petrol station and fueling equipment company TSG, in a deal valuing the French firm at about €1.8 billion ($2.1 billion) including debt, according to people familiar with the matter.

London-based CapVest could announce as soon as this week it’s entering exclusive talks on a transaction, the people said, asking not to be identified discussing confidential information.

TSG’s current private equity owner, HLD, and company management will retain minority stakes in the business after the deal, according to the people.

Representatives for CapVest and HLD declined to comment, while ...