ABN AMRO Capital has agreed to acquire Dunlop Aircraft Tyres Ltd. ABN AMRO Capital will take a majority stake in the business with 74.6% ownership. The transaction is expected to complete in June subject to customary approvals. Royal Bank of Scotland will provide senior debt facilities.
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