NVM Private Equity has sold street lighting columns manufacturer Stainton Metal Company Ltd to Valmont Industries, a NYSE-listed group whose manufacturing activities include lighting and traffic poles, for an undisclosed sum, generating an initial return of 2.6x the capital invested and an IRR of 17.3%.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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