Aberdeen Asset Managers Growth Capital has appointed Ned Dorbin as senior investment manager to the South East team. Dorbin will focus on new investment opportunities involving smaller UK companies requiring up to £4m of equity finance.
Fund targets companies active in the ready-to-wear, cosmetics, jewellery, accessories, health and lifestyle sectors
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Buyer is wholly acquiring the company for a debt-free purchase price of around €13.6m
Round follows the company's €24m series-D in November 2019, also backed by Wellington and HBM