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Investec supports LGV Capital in Snow+Rock MBO

15-Sep-2010

Investec Growth & Acquisition Finance, part of Investec Specialist Private Bank, has provided private equity house LGV Capital with a package of mezzanine and senior finance to support its backing of the management buyout of Snow+Rock Ltd, which includes Cycle Surgery Ltd and Runners Need Ltd.

John Clifford, Investec Growth & Acquisition Finance, comments, "The Snow+Rock management team has a first class track record and this was a key factor in our agreement to back LGV in this deal. We are extremely confident that the team, along with LGV, are now in an ideal place to take the company forward from strength to strength.”