LGV makes infectious exit

Bank of Scotland Integrated Finance has backed an MBO of Verna Group, a Bolton-based healthcare business, for an undisclosed sum.

The company, which provides infection control solutions to the hospital and care home sectors, is being sold by LGV Capital, a London mid-market investor and subsidiary of insurance group Legal & General.

The Integrated Finance team at Bank of Scotland plan to build on Verna’s international presence following a sales push in Australian, North American, South Africa and Eastern & Western Europe.

Bank of Scotland is a minority shareholder alongside the management team, led by CEO Karen Haslam and finance director Chris Attrill.