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...
Noble is currently CEO of CDC, and is a former partner at Schroder Ventures (now Permira)
Sale of utility service provider follows an eight-year holding period
New fund is almost double the size of Montefiore III, closed on €240m in 2013
Acquisition will bring IPC's revenues to €200m, up from €170m in 2013