Sagard Private Equity is in exclusive negotiations to acquire French heating, ventilation and air-conditioning systems business Climater from Weinberg Capital Partners. Financial details have not been disclosed.

Weinberg acquired Climater six years ago. It has made a number of bolt-ons to the company during its hold.

Based in Toulouse, Climater installs and maintains heating, ventilation and air-conditioning systems across France. It has revenues of €130m and employs 720 people.

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