Gresham, a UK mid-market private equity firm, has completed its second deal in two days with the sale of Warings, a regional building contractor, to French group Bougues Construction.
Yesterday, Gresham invested £21m (US$43m) in Hotter Shoes, a footwear brand for the grey market.
No sale price was disclosed but Gresham announced that it had made a four times return on its original investment in Warings back in January 1998.
Based in Portsmouth, Warings has 240 employees and annual turnover of more than £100m. The company undertakes new build and refurbishment projects across the south of England, from residential, healthcare and commercial to industrial, airports and defence.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: