UK - Graphite backs gas portfolio company's £22m acquisition

Graphite Capital has backed the £22m acquisition of Global Gas Supplies by Dominion Gas, an independent supplier of industrial gases to the offshore industry. Graphite supported the £30m BIMBO of Dominion in June 2007. Funding for the latest deal includes equity from Graphite and debt facilities from RBS Structured Finance. The acquisition significantly increases the group’s international coverage as a result of Global’s strong presence in Azerbaijan, Singapore and West Africa. The merger increases the group’s global workforce from 52 to 70.