UNQUOTE

UK - Close Growth Capital backs SBO of Killby & Gayford from 3i

  • Sarah
  • LinkedIn  
  • Google plus  

Close Brothers Growth Capital (CGC), the hybrid equity and debt finance provider, has backed the secondary buyout of specialist building contractor Killby & Gayford Group, from 3i. CGC is reported to have invested ТЃ13.35m for a significant minority equity stake in the newco, with Killby & Gayfordт€™s management holding the balance. 3i invested ТЃ12m to effect the management buyout of the business in 1998.

Killby & Gayford employs approximately 300 staff, operating from premises in Clapham, London, and Billericay, Essex. The business has a turnover of £80m. Killby & Gayford's customers are primarily in the banking, commercial, government, healthcare and retail sectors including Royal Botanic Gardens, Royal Household, Sadler's Wells Theatre, Unilever UK Ltd, Wellcome Trust and Barclays Bank Plc.
  • LinkedIn  
  • Google plus  

More on Buyouts

Latest News