Market sentiment has led to the lowest level of European IPO activity in a decade, but investment and venture capital trusts have taken less of a hit.
The deal may be a turning point for the UK automotive parts maker which has been in receivership since its former parent, Finelist, collapsed last year.
The exit has been very satisfactory for Mercury but less spectacular than it might have been.
Falling costs for high yield debt encourage CVC and Cinven to go for an ambitious debt package.
But the venture firm points out that “capital gains do not come in quarterly installments”.
Hi-tech investor MTI Partners and Enterprise Venture Capital Trust have made return investments in the company's third round of financing.
The private equity firm is selling its stake in Auto Windscreens for £112m.
Chairman quashes rumours and signals new investment.
Polish telecoms provider Electrim has agreed to buy a 75 per cent stake in Poland.com at a significantly reduced amount from its last offer.
Market conditions are blamed as trust is withdrawn days before the end of the fiscal year