Iceni Capital has supported the buyout of Pell & Bales, a not-for-profit specialist marketing services company. Led by the CEO of Pell & Bales, the buyout allows the founder to retire from the company and gives the management team the capital resources to further develop the business. Royal Bank of Scotland provided debt to facilitate the deal.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018