Weir Pumps has been acquired by Jim McColl's Clyde Blowers group of companies in a £100m deal. Bank of Scotland provided a £3 0 m equity bridge to ensure the swift completion of the deal. An Entrepreneur Fund will be established by the management team of Clyde and the Bridge will be repaid from it. Bank of Scotland Growth Equity team will make a significant investment.
Second vehicle will be larger than its predecessor, which closed on €843m in March 2010
Dieter von Holtzbrinck Ventures (DvH Ventures) has announced the launch of its first Digital Health fund, which has held a first close on €60m.
Sale ends a three-year holding period for Astorg, which acquired a 75% stake in the company from Xenon PE
Acquisition of Germany-based x-ray equipment and software was backed by senior debt from ApoBank