Phoenix Equity Partners announces that it has reached agreement on the proposed acquisition of the business and assets of NFT Distribution (NFT) from Northern Foods Plc in a £51.2m management buyout. Contracts have been exchanged and completion is expected to take place in approximately 14 days following employee consultation and the issue of new transport operating licences. The acquisition of NFT is the first by Phoenix’s new £375m fund raised in April 2006.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater