NVM Private Equity has exited its stake in UK-based property services company Paladin Group to trade player Places for People in a deal worth £15.9m, reaping a 2.3x return on its investment.
Touchstone, Paladin's trading subsidiary, will keep its existing identity, board and governance structures while operating as a subsidiary of Places for People. The GP told unquote" that Paladin's board...
Fund's predecessor, Capzanine 3, also closed on its €350m hard-cap in 2013
Deal marks the second acquisition for the GP’s third vehcle, Quadrivio Private Equity Fund 3
Deal follows a similar investment in the oil exploration business earlier this year
Adveq invests €10m, while HPE Growth Capital provided the initial €20m in May