Barclays Ventures has refinanced branded beauty products business Original Additions via a £13m debt package from RBS. The refinance which has repaid all of Barclays Ventures' original funding has also delivered a 31% IRR for the institution. Barclays Ventures has maintained its original equity stake going forward. Barclays Ventures invested £4.7m to back the management buyout of Original Additions in August 2004.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m