MSIF backs buyout

Alliance Fund Managers (AFM) has backed the £1.8m buyout of Anaco Systems Ltd, a designer and manufacturer of aluminium building facades. AFM invested £400,000 through the MSIF Mezzanine Fund alongside the company's directors, while the Co-operative Bank provided the debt funding.

Anaco is based in Wirral and was founded in 1981. It has a turnover in excess of £10m and employs 70 staff. The company designs, manufactures and installs aluminium building facades for use in curtain walling, commercial windows and doors, and toughened glass frames.

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