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.
West-London-based media events group Penton Media Europe has completed a management buyout from its erstwhile US parent company, thanks to financial support from Northern Venture Managers.
