August Equity has invested £14.2m in Planit Holdings Plc, to support the £40.9m management buyout of the AIM-listed company which will herald the first public-to-private deal in August Equity’s portfolio. The public-to-private scheme is expected to become effective as of 1 December 2006.
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years
Combined companies will pursue a buy-and-build strategy, acquiring fitness studio chains
Marc Seeger joins the firm's Düsseldorf-based corporate and M&A team from Hengeler Mueller
GP acquires the automotive networked systems business as part of a succession solution