Inflexion Private Equity has led the buyout of Aspen Pumps Ltd & BBJ Engineering Ltd, a supplier of condensate pumps and air conditioning accessories. Inflexion has acquired a majority equity stake, the management team has also invested and a package of debt facilities was provided by Acquisition Finance, Lloyds TSB Corporate Markets.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round