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Electranet Exit
Capita has announced the acquisition of Electranet, a leading supplier for the design, delivery and support of highly secure network and communication infrastructure in the UK, for a cash consideration of £37m on a cash-free, debt-free basis. The deal provides an exit for Palatine Private Equity who backed the business in a management buyout in…
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Palatine hits treble on Wealth at Work exit
Palatine Private Equity has exited its investment in financial services company Wealth at Work via a £50m management buyout backed by Equistone Partners Europe. Palatine, which backed the company in 2011, has achieved a 3.5x return on investment and will co-invest for a minority stake alongside Equistone and the management team, which continues to be…
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Playnation gets the show on the road with MOTO contract extension
Playnation, a leading UK supplier in the family entertainment machines sector, has been awarded a contract extension with MOTO, following a successful seven year partnership. The contract renewal will allow Playnation to continue to supply MOTO, the UK’s largest provider of motorway service areas, with a wide range of amusement machines for the next five…
