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...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap