Aberdeen Asset Managers Growth Capital has led the management buyout of ID Support Services Ltd (IDSS), a group providing electronic security systems and climate control solutions. IDSS has two divisions, ID Technology Group specialises in the provision of CCTV, access control and electronic article surveillance whilst GK Industrial installs and maintains air conditioning, ventilation, heating and refrigeration systems. Both divisions serve a number of multi-site, blue chip clients across the retail, gaming, leisure, commercial, industrial and public sectors. Royal Bank of Scotland provided debt to support 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