Montagu Private Equity has sold waste management company Cory Environmental Holdings to a consortium led by ABN AMRO Infrastructure Capital for £588m. The sale through acquisition vehicle Viking Consortium Holdings Ltd enables Montagu to exit following under two years of ownership. Montagu acquired the business from Exel in 2005 in a £200m management buyout. Since then Cory has grown substantially - at the time of the acquisition, it operated 9 landfill sites. One new site in Kent has since been opened, with a further site in the South West due to become operational this year. Over the last two years Cory has expanded its available landfill capacity by 50%, grown revenues from £130m to over £180m.
Bid Equity began its social care and healthcare software buy-and-build strategy in 2017
Marfin has received a binding offer from CVC and granted the GP an exclusivity period until 6 November
Firms invested in the business in 2015 alongside management, acquiring it from Initiative & Finance
Healthtech company has raised $34.2m since being founded six years ago