Funds managed by Hamilton Lane have led the closing of a single-asset continuation vehicle launched by Latour Capital to acquire Gutor from its 2019 vintage fund.

Ardian participated as a lead investor alongside Hamilton Lane, while Patria acted as co-underwriter. Existing limited partners and Gutor’s management team also committed capital to the vehicle.

The transaction marks Latour’s first continuation fund and provides liquidity to investors while enabling the firm to retain exposure to what it views as a high-quality industrial platform.

Founded in 1946, Gutor manufactures mission-critical uninterruptible power supply systems serving energy and industrial customers. Following Latour’s carve-out of the business from Schneider Electric in August 2023, the company has expanded commercially, strengthened operations, and broadened its service offering.

The continuation structure underscores the growing use of GP-led secondaries as a value crystallisation tool in Europe’s mid-market. By retaining ownership through a new vehicle, Latour seeks to support Gutor’s next phase of operational execution and selective growth.

Keith Brittain, Co-Head of Secondary Investments at Hamilton Lane, said the firm views the transaction as “a compelling opportunity to back a proven business with room to grow.”

For Latour, the vehicle allows partial realisation from its 2019 fund while maintaining long-term alignment with management and new institutional backers.

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