Charterhouse portfolio company Saga, the specialist service provider to the 50 plus age-group, has disposed of its radio assets. The three radio stations based in the Midlands and Scotland, plus another yet to be launched station, have been acquired by Guardian Media Group in a deal estimated to be worth approximately £70m.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin