Palatine Private Equity has sold its stake in TTC Group, the driver risk management and road safety training provider, to its management team backed by debt provider Pricoa Private Capital.
German centre-based tutoring provider will operate individually while synergies with new owner are identified
GP in informal discussions around exit or sale of parts of the UK-based company
Sale comes after a five-year holding period under the Amsterdam-headquartered GP’s Fund IV
After fall at the end of its financial year, the GP expects valuation of its investments to recover with double-digit percentage rises in next three years