Everstone Capital acquires Germany's Qlar Group from Blackstone

The signal: Everstone's move into European industrial tech underscores how mid-market acquirers are increasingly circling mature, niche process-technology firms as larger sponsors cycle out of portfolio companies. Qlar Group's positioning across high-growth verticals like battery manufacturing and plastics recycling makes it emblematic of the "smart industrial" assets commanding premium interest, even as cross-border PE deal flow between Asia and Europe remains selective.

Read more: qlar.com