Bridges Ventures has led the secondary buyout of IT repair company Triage Services. The deal represents an exit for 3i which backed the original £9m management buyout of the company in 1997. Kaye Enterprises and Calculus Capital also participated in the secondary buyout alongside Bridges.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate