Isis Equity Partners has highlighted the resilience of the small end of the buy-out market with its second exit this year, the disposal of Thomas Sanderson Blinds to Hunter Douglas.

The deal size was not disclosed but a source close to the transaction said Isis Equity Partners had realised a 2.7 times multiple on its investment. It bought Thomas Sanderson in May 2001 in a £25m (€35m) buy-out when the company had sales of £20m. In the last three years the company has doubled this level of turnover.