Dubai-based private equity firm acquired 10% stake in Northbridge Industrial Services
The Dubai-based private equity firm HBG Holdings has acquired 10% stake in Northbridge Industrial Services, a publicly listed firm on the AIM market of the London Stock Exchange.
Northbridge supplies specialized industrial equipment to the oil and gas industry, major utilities and the public sector, across Europe, USA, Central Asia, Middle East and the Far East. The acquiring entity, HBG Small Cap SPV 1 LTD is a subsidiary of HBG's Shariah Small Cap Fund I ("SSCF"), an investment vehicle formed to acquire strategic stakes in growth companies focusing primarily on AIM. The co-investors in the deal include New York based Blackrock and London based Artemis.
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More details from their release follows
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