Towerbrook Capital Partners has sold its majority stake in Belgian-Spanish non-ferrous metals recycling company Metallo to Aurubis in a deal that gives the company an enterprise value of €380m.
Sale of business intelligence company generates a 2.6x money multiple and 52% IRR for AnaCap
Following the deal, Gavin Thomas will be appointed as finance director and Nick Ward as chair
Spring Associates Responsible Investment Service will trade under the MJ Hudson Spring brand
GP will use the special purpose acquisition vehicle Media Investments & Holding for the transaction