ABN AMRO Capital portfolio company Volution has acquired Manrose Holdings Ltd from its private owner. This represents the first step of a buy-and-build strategy for Volution, the ventilation and heating company ABN AMRO acquired in a secondary management buyout from Montagu Private Equity in July 2006. The acquisition of Manrose follows the disposal of Volution's Cable Management Group in January 2007.
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering