Rope Partner, an international player in wind turbine blade repair, maintenance and performance-enhancing services, has been acquired by funds advised by Magnesium Capital (Magnesium). Rope Partner is headquartered in Santa Cruz, California, USA.
Magnesium’s managing partner Ian Jones will join the board of Rope Partner. Equity finance was provided by funds managed by BMO Global Asset Management and advised by Magnesium, with the management retaining a significant ownership position in the company. BMO Global Asset Management is a global investment manager with offices in more than 25 cities in 14 countries. Terms of the transaction were not disclosed.