Private equity-backed insurance company Acromas has had its bid for UK social care services company Nestor Healthcare rejected.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Voalcom Group, an Apax Partners portfolio company
Transaction is said to value the company at £600-700m