Aberdeen Asset Managers Private Equity has recapitalised portfolio company Plaxton, the UK's leading manufacturer of luxury coaches and buses. This transaction gives the business a solid platform from which to increase its recently launched bus models - the Centro and Primo. Barclays carried out the refinancing which involved the provision of significant new working capital facilities.
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