Private equity firm Perwyn has agreed to exit its investment in UK business utilities provider Everflow, generating a 7.2x multiple on invested capital after backing the company’s expansion over the past eight years.
Financial terms of the transaction have not been disclosed, although Perwyn described the deal as one of the largest private equity exits in North East England this year. Growth investor BGF and specialist lender OakNorth will support Everflow through its next phase of development....
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