Panoramic Growth Equity has backed the management buyout of Online Home Retail, a UK-based bathroom products retailer that trades under the PlumbWorld brand, from Grafton Group.
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital
3i acquires the company for up to €16m, of which €8.7m was deployed on signing the deal