Private equity firm TowerBrook Capital Partners, L.P. (“TowerBrook”) announced that funds managed and advised by TowerBrook will acquire a 67% shareholding in French engineering company GSE for an undisclosed sum. This transaction will also allow GSE’s management team to increase their share in the Company’s equity and their contribution to the business. The transaction will be effective upon clearance by the European Union’s competition authorities.    Jean-Pierre and Michel Hugues, Co-Founders of GSE said in a joint statement: “The GSE team is delighted with this news. By accessing TowerBrook’s capital, GSE will be able to expand its European leadership position, invest in new technical concepts and become closer to its clients at an international level. TowerBrook, as a partner specialised in growth strategies, will significantly contribute to our further development”.    Commenting on the acquisition, Ramez Sousou, Co-CEO of TowerBrook said: “Our interest in GSE is driven by the company’s excellent market positions as well as its potential for further growth. GSE is an outstanding company with great management that is well positioned to become the world leader in a sector that requires increasing project management skills, technical know-how, and creativity. Under the guidance of Jean-Pierre and Michel Hugues, GSE was the pioneer in its sector. Today’s announcement allows them to continue innovating to service their worldwide clients more effectively. We are proud to be associated with this deal.”

		About TowerBrook
		TowerBrook Capital Partners, L.P. is a transatlantic private equity organization, with offices in London and New York. The group is headed by Co-Chief Executive Officers Neal Moszkowski and Ramez Sousou.  TowerBrook pursues control-oriented investments in European and North American middle market companies, partnering with highly capable management teams and seeking situations characterized by complexity. TowerBrook manages in excess of $2.5 billion and invests primarily in leveraged buy-outs, leveraged build-ups and distressed situations. More information can be found at www.towerbrook.com