3i has announced the sale of UK tool hire company HSS to Aurigo and Och-Ziff for £310m, generating a multiple of 4x for the investor. 3i acquired HSS in 2004 and during its ownership of the asset re-structured its business model. Hawkpoint Partners and Travers Smith advised 3i on the deal. HSS reported EBITDA of £40m for the financial year ending March 31, a 30% increase from the last figures prior to the investment by 3i.
Blossier will work with head of PE funds Oliver Gardey to build out the platform in Europe
Fund was exclusively available to clients of private bank Van Lanschot and asset manager Kempen
Tresmares Capital will also manage a €900m private debt fund to finance the expansion of Spanish SMEs
PAI's Richard Howell, Livingbridge's Susie Stanford and more discuss PE developments throughout 2019 and expectations for the year ahead