Towerbrook swoops for Volution

TowerBrook Capital Partners has acquired the ventilation product maker from AAC Capital UK after re-entering negotiations

TowerBrook Capital Partners has acquired a ventilation product maker from AAC Capital UK in a £163m deal after re-entering negotiations with its owners.

AAC Capital UK which initially invested £49.25m when it acquired UK-based Volution Group in July 2006, has made a 2.4x money multiple on its investment.

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