Aberdeen Asset Managers Growth Capital has exited from ID Support Services Holdings by way of a secondary buy-out backed by Penta Capital Partners. The sale realised an overall return of 1.8x money on the investment and an IRR of 61 per cent.
Aberdeen Asset Managers Growth Capital has exited from ID Support Services Holdings by way of a secondary buy-out backed by Penta Capital Partners. The sale realised an overall return of 1.8x money on the investment and an IRR of 61 per cent.
Clients of Aberdeen, who will continue to hold a nominal equity stake in the company, originally invested £3 million in March 2007 to support a primary buy-out of the company alongside the executive chairman, Brian Dunn and the group chief executive, David Metcalfe.
ID is the holding company for the two main operating subsidiaries namely ID Technology (IDT) and GK Industrial (GK). IDT provides electronic security solutions primarily in the casino and retail sectors. GK provides industrial air conditioning, refrigeration and energy efficiency solutions in the retail and healthcare sectors.
The secondary buy-out should provide the company with additional facilities to acquire further complementary businesses.
