Northern Venture Managers (NVM) has acquired Nightingales Ltd, a long-standing and well-established mail order clothing retailer, through a management buy-in. NVM have invested £5m in return for a significant stake in the business. The transaction was originated by Grant Thornton Corporate Finance in Birmingham who also sourced the buy-in team led by Tony Lahert. The business is being purchased from founders Louise and Phillip Stevenson.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater