As part of its efforts to acquire the refitting and refueling Devonport naval dockyard in Plymouth, Carlyle has proposed running the UK's submarine building programme at Devonport. This process currently takes place at BAE-owned Barrow-in-Furness.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint