Close Brothers Private Equity (CBPE) has backed the management buyout of Alex Stewart(Assayers) Ltd, part of the Alex Stewart Group, for an undisclosed sum. The business focuses on providing metals and minerals inspection and testing services. Debt was provided by Barclays.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board