Private equity house Qualitas Equity Partners has acquired the entire shareholding in plywood distributor Garnica Plywood alongside its management team in a deal of undisclosed value. The growth route for the La Rioja-based company encompasses the acquisition of sector companies in Eastern Europe as well as organic growth. Garnica Plywood had returns of EUR 44m in 2005 and expects to reach EUR 60m by the end of this year.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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