Private equity firm backs biotech MBO
The management of biotech business YorkTest Laboratories has signed an £8.6m deal with Key Capital Partners to support their buyout.
The Leeds-based private equity house has backed the management team of YorkTest in completing an MBO, which sees CBPE Capital sell 100% of its stake in the testing business.
The deal sees KCP acquire a majority stake in the business, backing the incumbent management team of Rachel Jansen, CEO; Neil Guilder, CFO; Dr Gill Hart, scientific director; and Jonathan Brookes, operations director.
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