European Capital Sees $9.4 Million Return on Scaff’holding Exit

European Capital Limited announced today that it has received €7.2 million from exiting its investments in Scaff’holding. European Capital realized a c. 1.8x money multiple on its initial investment, representing a 13% IRR. Scaff’holding, based in Paris, rents and sells scaffolding and shoring systems. The exit for European Capital — A Guernsey-based investment company for pan-European equity, mezzanine, unitranche and senior debt investments — comes as Scaff’holding and its majority shareholder, Equistone, have agreed on a tertiary buyout led by management and supported by minority equity investors.

Reuters – Investcorp Attracts Bidders for Armacell

The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.

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