Palatine dials up £38m mobile deal
Date added:
05/05/2015
A WARRINGTON firm which provides support services to the mobile telecoms sector has changed hands in a £38m secondary buyout backed by Manchester investor Palatine Private Equity. The sale of WHP Projects will generate "significant return" for exiting private equity backer Key Capital Partners (KCP) less than two years after investing £3m in the business. When KCP's investment was made, in June 2013, WHP, also known in the sector as Wilkinson Helsby, employed about 100 people and had annual revenues of £17m. It now ...
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