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...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board