UK private equity house Dunedin has sold its minority stake in Blackrock Programme Management (Blackrock PM), a construction consulting business, to Intermediate Capital Group (ICG).
Deal is the first investment for the GP's recently opened Midlands office
Deal ends a five-year holding period for Cornerstone, which acquired Infoniqa SQL in 2012
Craig Hopwood joins the GP's northern team from HSBC, where he was a director
Lexington was previously reported to be considering acquiring up to €1.2bn in secondary commitments