NBGI Private Equity has backed the £23.5m management buy-in of McCambridge Group Holdings's cake division.
Bank debt for the transaction was provided by PNC Business Credit and Beechbrook. NBGI invested via the second tranche of its NBGI Private Equity Fund II vehicle, which closed on €147m in 2007. The business...
GP bid is made in cooperation with majority owner The Öhman Group, which will retain a stake
Brenke first joined Ardian as managing director two years ago
Deal represents 44.5% IRR for the vendors, four years after their initial investment
As part of the strategy, the GP will consolidate its listing on the London stock exchange