Granville Baird Capital Partners, the international mid-market private equity firm, has today invested £8.9m in Paddock Holdings Ltd, the UK market leader in the design and manufacture of high quality, multi point door locks. The funding from Granville Baird Capital Partners, alongside senior facilities from the Royal Bank of Scotland, supported the management buyout of the company led by managing director, Nigel Hutchinson, who along with other members of the management team will take a significant stake in the business. Nigel Guy and James Benfield led the deal for Granville Baird Capital Partners.
Polish buyout firm Abris Capital Partners has signed an agreement to sell its stake in Polish locomotive lessor Cargounit, also known as Industrial Division, to Three Seas Investment Fund (3SIIF).
Amplify IV targets seed and series-A rounds, while Amplify Select makes follow-on investments in existing portfolio companies
GP had previously made an offer of SEK 70 per share, which was later increased to SEK 72 per share
Company intends to boost its production capability, bolster its international expansion and pursue a buy-and-build strategy