Duke Street Capital has completed the refinancing of portfolio company Accantia Health & Beauty Ltd in a package worth up to £120m. The recapitalisation of the company behind the Simple skincare brand comes just four months after DSC sold Lil-lets, the feminine hygiene division of the business to Electra Partners in an £80m deal. The new debt package was underwritten by Bank of Scotland.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m