Deal Wrap: One Equity to acquire Fortaco; Antin to buy Raw Charging

Deal Wrap is updated as of 4 p.m. ET.

* Eurazeo SE sold its majority stake in Orolia SA for €189 million in cash proceeds. The Orolia group, which specializes in resilient positioning, navigation and timing solutions used in national defense applications, was acquired by Safran SA.

* Midmarket private equity firm One Equity Partners will acquire Finland-based machine industrial company Fortaco Group Oy from CapMan Oyj. Funds managed by CapMan Buyout will sell their shareholdings in Fortaco in a deal expected to close during the second half of 2022.

* Antin Infrastructure Partners is set to purchase a majority interest in Raw Charging, a U.K.-based electric vehicle charging company, through its NextGen platform. Goodwin Procter was legal adviser to Antin on the deal, which is scheduled to close early in the third quarter. Bryan Cave Leighton Paisner was legal counsel to Raw and its shareholders, while Longspur Capital was the financial adviser.

* Beijing-based private equity firm Great Wall Capital Co. Ltd. signed a memorandum of strategic cooperation with Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Co. Ltd. for the planned takeover of Hollysys Automation Technologies Ltd. A consortium led by Recco and Dazheng reaffirmed its indicative offer of $25 per share in cash to acquire Hollysys, reflecting a 65.5% premium over the Chinese automation services company's closing stock price of $15.11 on July 7. TFI Asset Management Ltd. is also part of the buyer consortium. UBS AG Hong Kong Branch was financial adviser for Recco and Dazheng.