LDC backs MBO at Dale Power Solutions
1st August 2012
THE management team at a Yorkshire manufacturer have bought the firm in a private equity-backed deal.
LDC has invested £10.5m in return for a "significant stake" in Dale Power Solutions which has been bought from listed business TT electronics.
TT electronics will receive £10m in cash in the deal which also sees debts of £4.7m cleared.
Chief executive Tim Wilkins led the MBO which will see Andy Lyd......for the full story register now for free or login below...
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