In defiance of problems on the continent, the UK has seen a surge in mega-buyouts this year, topped off with the recent acquisition of Annington Homes for £3.2bn.
Terra Firma's purchase of Annington, the largest private equity-backed buyout in Europe this year, brings the total number of mega-deals (defined as those worth €1bn or more) seen in the UK this year...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels