Terra Firma has sold the 2000-strong off-licence chain Thresher to a team of investors led by Edmund Truell. The deal includes the sale of another of Terra Firma's assets from its first fund, the pension assets of Thorn, the television rental company. Truell, the founder of Duke Street Capital, established the Pension Insurance Corporation last year with a view to competing with Prudential and Legal & General to acquire the assets and liabilities of mature occupational pension schemes. By October 2006, Truell had raised £1bn for the vehicle having targeted £400m.
Deal includes three manufacturing facilities located in Spain, which employ around 140 staff
GP acquired the care home group from Swiss Prime Site and will be the company's sole shareholder
Iris, Idinvest and historical backers invest in the manager of the eponymous social media app
GP uses its Mérieux Participations 3 fund, which held a first close on €200m in 2018