Alex Stewart (Assayers), which inspects and tests metals and minerals, has been acquired in a management buy-out from the K Alex Stewart group for an undisclosed sum.
Sheffield-based laser cutting outfit Mayflower Technology has been taken over by a new management team, backed by an integrated package of debt and equity from Bank of Scotland. Though exact details of the BIMBO have not been confirmed, Bank of Scotland is known to be taking a ‘significant’ minority equity stake.
Viking Moorings – the designer of mooring systems to the North Sea offshore oil and gas industry – has completed a £22 million management buyout with the backing of Inflexion Private Equity.
