Stage Capital has announced that it has completed its separation from UK-based NBGI
"In a single step, the acquisition of Tasties more than doubles our existing production capacity, provides the flexibility to expand the range of products we can develop and bring to market and more than quadruples the size of our delivery fleet," said NBGI
director Richard Babington.
The flotation allowed NBGI
Private Equity's Fund and Investec Private Bank Growth & Acquisition Finance - who backed a management buyout two years ago - to sell pounds 72.8million worth of shares.
The remaining 45 per cent is held by their backers, NBGI
At this point, EasyCar secured 27 million [pounds sterling] from a consortium of Bank of Scotland Corporate Banking and NBGI
Private Equity to further expand its operations.
He has advised leading private equity houses including 3i, Alchemy Partners, NBGI
Private Equity and GIMV on both buyouts and development capital.
Private Equity Ltd is to be purchased for about GBP300m, but a final decision has not been made yet.
Tasty PS8.7m investment Yorkshire Bank in Birmingham has provided PS8.7 million of senior debt and working capital to Pasta King Group in a deal which positions the business for growth and sees a partial realisation of its investment for private equity owners NBGI
The chief investor is Parisbased Edmond de Rothschild Investment Partners (EdRIP), and other investors are venture capital firms Forbion Capital Partners based in the Netherlands and Germany, NBGI
Ventures in London, and Auriga Partners and Credit Agricole Private Equity, both in Paris.
Soravia short-listed three of them, inviting Advent, Balkan Accession Fund and NBGI
to start negotiations.
Peter's Food Service Ltd has been acquired by its management and NBGI
Private Equity in a 20 [pound sterling] million buy-out.