Inflexion Private Equity, the mid-market private equity investor, has led the £22m MBO of Viking Moorings (formerly Balmoral Marine), the market leader in the design, hire and sale of mooring systems and associated products to the North Sea offshore oil and gas industry.
Fund targets companies active in the ready-to-wear, cosmetics, jewellery, accessories, health and lifestyle sectors
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Buyer is wholly acquiring the company for a debt-free purchase price of around €13.6m
Round follows the company's €24m series-D in November 2019, also backed by Wellington and HBM