LGV ventures £60m on Verna

Legal & General Ventures, the private equity arm of the eponymous financial services group, has bought healthcare products manufacturer and distributor Verna for £60 million.

Bernard Hatton, chairman and chief executive of Verna, stepped down on completion after more than thirty years with the group. He has been replaced by fellow director Karen Haslam who hopes, with LGV’s support, to further develop a business already boasting strong credentials in the healthcare sector.

Verna, which generates annual sales of around £60 million, provides a range of pulp-based and infection-control products to hospitals and care homes in the UK.

For further information visit: Verna Group

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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Healthcare Sector