Star Capital Partners has acquired two flight simulator operators for a total consideration of £141m. The investment is being made from its second infrastructure fund leading commentators to suggest that high demand for infrastructure assets is resulting in a broadening of its definition.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
Firm is investing from Paine Schwartz Food Chain Fund IV, which closed on $893m in 2014