Lloyds TSB Commercial Finance has backed the management buy-out of Encon Group from its parent company, Wolseley UK, committing a £35 million line of credit for the company.
Commercial fund manager Midven has supported the management buy-out (MBO) of construction management and compliance consultancy Confluence Management with a £500,000 investment from their Exceed Fund.
Scottish IT provider Instalec has been acquired in a management buy-out by one of its directors, Graeme Taylor, for an undisclosed seven-figure amount.
Mid-market private equity firm Bowmark Capital has invested £25 million in the management buy-out and expansion financing of care home business Glenside Manor Healthcare Services.
The stock markets are in turmoil and the banking sector is on the verge of collapse, but the buyout market has remained 'relatively resilient', according to the Centre for Management Buyout Research.
A company that provides roofing and structural waterproofing services to major construction projects, including the Bluewater and Bullring shopping centres, has been bought by a team led by two of its directors.
