August Equity gains £42.3m

August Equity has sold Securistyle Holdings in a £42.3m secondary buy-out financed by the Bank of Scotland Integrated Finance. August Equity invested £11.3m to finance the management buy-out of Securistyle from Dublin-based Allen McGuire in November 2003. Cheltenham-based Securistyle is a manufacturer of architectural hardware products. Throughout Augurst Equity’s period of ownership the business has been cash generative and was refinanced in February 2006.