Barclays Ventures has backed the management buyout of F Bender Ltd, a manufacturer of paper catering products, investing £5.25m for a significant stake. The move secures the future of the company following recent financial difficulties, and comes five months after Barclays Business Support stepped in to rescue the business.
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering