Close Brothers Private Equity has sold speciality chemicals manufacturer Minova for £357m to Orica Ltd, an Australian quoted company. Minova's products are used in the coal mining, metal mining and tunnelling industries.
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake
Following the deal, Plurima's CEO, Luca Marconi, will be appointed as CEO and chair of Log-Os
Calculus Capital invested €2.5m in the media management software provider in 2015
In additon to the equity deployed by Palladio, a debt package was provided by Intesa Sanpaolo