US private equity group Lone Star is thought to be interested in Northern Rock, the beleaguered Newcastle-based bank. Lone Star joins a host of US buyout firms also thought to be sniffing around. JC Flowers is already carrying out due diligence on the bank having secured £15bn of bank funding for a possible deal. Apollo and Blackstone are also interested but are yet to have access to management.
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m