Nordic private equity firm Segulah Advisor AB sold Gunnebo Industrier Holding AB for an undisclosed sum.

The buyer is Crosby Group LLC, a provider of lifting, rigging and material handling hardware. The company is backed by U.S. private equity firm KKR & Co.

Gunnebo makes blocks, sheaves and other products used mainly for material handling applications in Sweden, Norway and the U.S.

Alantra was Crosby's financial adviser, with Kirkland & Ellis and Vinge serving as its legal advisers.