Barclays Ventures has backed a £26m management buy out of KIG Holdings Ltd, a leading supplier of secondary steelwork branded products, primarily providing safe access solutions, structural fittings and steelwork fixings.
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019