
H.I.G acquires Synseal
H.I.G. Europe, the European affiliate of H.I.G. Capital, has acquired UK-based building materials specialist Synseal by investing £30.5m in equity.
A debt package, led by Yorkshire bank, was put in place and contributed to by H.I.G.
Synseal is a supplier of PVC-U windows, doors and conservatories founded in 1980. The company provides PVC-U extrusions which are made into windows, doors and conservatory roofs. Synseal supplies extruded products to over 700 independent fabricators in the UK, making it one of the largest providers in the UK market. It employs around 500 people and is based near Nottingham. In 2009, the business reported sales of £76m.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater