Princess Private Equity Sells Alliance Medical To Dubai International Capital [PEY.L]
11/29/2007 12:53:05 PM Thursday afternoon, Princess Private Equity Holding Ltd (PEY.L), a UK based investment holding company, said its partnership, Bridgepoint has divested Alliance Medical to Dubai International Capital LLC for a total consideration of GBP 600 million. Alliance Medical, owned by Bridgepoint, is involved in delivering diagnostic imaging services in Europe.
Princess Private Equity notified that after the 2001 take over by Bridgepoint, Alliance Medical substantially expanded its presence into the entire Europe from its base in the U.K. Alliance also experienced a major growth in its profit and revenue, besides raising employee strength to 690 from 177.
Head of Partnership Investment at Princess’ investment advisor Partners Group, Sandra Pajarola said, “this transaction represents another successful exit in the Princess portfolio, indicating the top quality level of our private equity investments. Through our global network, we at Partners Group can access outstanding partnerships for our clients.”
PEY.L is trading at Euro 7.97, up 1.14%, on a volume of 430 shares.