Funds managed by Hamilton Lane lead investment in continuation fund closed by Latour Capital

Paris— Latour Capital today announced the successful closing of a single-asset continuation vehicle established to acquire global Uninterruptible Power Supply (UPS) manufacturer Gutor from Latour’s 2019 vintage fund.

This transaction marks Latour’s first continuation fund and reflects its conviction in Gutor’s long-term growth potential. The continuation fund was led by funds managed by anchor investor Hamilton Lane (Nasdaq: HLNE) and Ardian, with Patria as co-underwriter and meaningful support from existing Latour limited partners and significant reinvestment and new investment from Gutor management.

Founded in 1946, in Switzerland, Gutor (“the Company”) is a global leader of the mission-critical UPS market: Gutor designs, engineers and manufactures reliable products for its energy and industrial customers and optimizes its products’ efficiency through multi-decade maintenance services. Following Latour’s successful carve-out of the Company from Schneider Electric in August 2023, Gutor has further strengthened its leadership position globally through accelerated commercial development across regions, targeted operational and industrial enhancements, diversification towards new market segments and expansion of its service operations. 

Today, Gutor serves a blue-chip, diverse and loyal customer base across power end-markets, benefiting from structural growth trends such as electrification, decarbonisation and fast accelerating digitalisation. 

Latour will continue to support Gutor’s experienced management team in executing the next steps of the Company’s long-term strategy, with a sustained focus on operational excellence and selective growth opportunities.

Keith Brittain, Co-Head of Secondary Investments at Hamilton Lane, said: “Through targeted operational enhancements, Latour Capital has helped transform Gutor into a global leader with a resilient, service-led business model and we are pleased to lead the continuation vehicle for Gutor to support its next phase of growth globally. Leveraging the expertise of Latour and the Gutor management team, we see this as a compelling opportunity to back a proven business with room to grow.”

Djamel Idri, CEO of Gutor, commented: “For 80 years, Gutor has continued its unique journey of growth and value creation for our company, our customers, our shareholders and our employees. Our solutions represent the last line of defence for our customers’ critical infrastructure. Our people, technology and services, combined with our proven and resilient business model, are at the core of the Company’s value and mission. We are very pleased to announce the continuation fund alongside the Latour Capital team, lead investors Hamilton Lane and Ardian, as well as all reinvesting limited partners of Latour Fund III and the Gutor management team.” 

Gaspard Lacoeuilhe, Partner at Latour Capital, added: “Gutor exemplifies the type of resilient, high-quality business we seek to back at Latour Capital. Since the carve-out, the Company has transformed into a standalone global leader in mission-critical UPS. We believe Gutor remains at an inflection point in its value creation journey. This Continuation Fund allows us to crystallise value for our investors while maintaining our conviction in the Company’s long-term growth.”

About Hamilton Lane

Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.

About Latour Capital

Latour Capital is an independent French investment firm with an entrepreneurial culture and deep operational experience, led by twelve partners. With €5bn in assets under management, the firm invests in France and across Europe and prioritises companies with significant growth potential.

Latour Capital received the Large Cap Award at the 20th edition of the Grands Prix from Private Equity Magazine in May 2025. 

More information at: www.latour-capital.co.uk