Develop Training was created last year to provide training services to the utilities and infrastructure industries through a demerger from the Longhirst Group. Located in training centres around the country, including Glasgow, Falkirk, York, Warrington, Derby, Oakham and Swindon, Develop Training’s clients include National Grid, Anglian Water, the Ministry of Defence, Thames Water, British Telecom and NHS Estates.
Paprika made €13.1m in 2006, and currently operates 33 stores in Belgium, Luxembourg and France. Its core customers, it says, are “fashion-minded, larger-sized women”. Cassis, which offers clothing “for urban-active fashion-conscious women”, made €38.5m in 2006 and has 52 stores in Belgium and Luxembourg. ING Belgium is providing the debt financing for the deal. Petercam acted as exclusive adviser to the Cassis-Paprika group. The deal is expected to close by the end of January.
Solar Home Energy is an installer of domestic solar hot water systems, which use solar collector panels to channel the sun’s energy and can provide up to 70% of a typical UK household’s annual hot water requirements. Warmroof is an installer of spray foam loft insulation, which increases residential energy efficiency.
Both businesses are headquartered in Bournemouth, but operate nationally. Their combined turnover is about £20m per annum, and together they employ 100 staff.
Barclays Ventures has backed new managing director Arun Sahajpal and finance director Martin Jackson, alongside the existing sales director, Robin Tarrant-Willis, to buy the group from its current owner-managers. John Oddi, former managing director of double glazing business Crystal Windows, has been appointed chairman. Both businesses will be led by the same management team.
Barclays Ventures has invested alongside