Advent International has lodged a bid to acquire Brammer, a listed UK provider of industrial components, for £221m.
The offer values shares in the company at 165 pence apiece, a premium of around 69% of its closing share price on Tuesday. The board of the company said in a statement the challenges of addressing operational...
Venture capital firms originally invested in the company in 2011 and 2014 respectively
Fund manager Quaestus exits its stake in the Croatian business after an eight-year holding period
Proposed deal for the aluminium profiles manufacturer comes just two years after Advent's acquisition
Deal marks first investment by small-cap buyout fund Crescendo, which held a €42m first close this year