Segulah III LP has completed a re-capitalisation of Dacke PMC, a provider of hydraulic equipment and engineering solution. Dacke has been able to repay a subordinated loan provided by Segulah III L.P at the time of acquisition in July 2005. The recapitalisation consists of an additional trance of senior debt and excess cash. The total amount that is repaid, including interest accrued and loan principal, corresponds to an amount slightly in excess of the total amount invested by Segulah III LP at the time of acquisition.
Exit from Main Fund V comes three years after the GP acquired the Germany-based procurement technology company
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons