Bank of Scotland Integrated Finance (BOSIF) has backed the £225m management buyout of Ainscough Crane Hire Ltd, the UK's market leader in crane hire. The deal, which represents an exit for the founding family owners, sees management take a majority stake in the business. News of the completion of an integrated finance deal in the UK today follows European Capital's acquisition of DEVGLASS, a French window manufacturer, through its hybrid debt and equity offering, also announced today. One-stop players appear to be unaffected by the credit squeeze being felt by the rest of the market.
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019
Elevat3 Capital and German energy group EWE also back the green project-financing platform