UK-focused GP Cairngorm Capital has made its first investment from its second fund, acquiring a majority stake in Scottish timber company Thornbridge Sawmills.
Sale ends a four-year holding period for Capvis Equity, which acquired the company in 2014
Firm saw its turnover double to €100m and the number of employees increase from 800 to 3,000
VC firm 50 Partners also takes part in the financing, as well as Blablacar CTO Francis Nappez
GP buys 20% of French aeronautics and automotive systems developer Vision Systems