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Subocean Group

Market: 
VC
Type: 
Fundraising
Industry: 
Construction & Building Materials
Raised: 
£42 million
Date: 
Dec 2009

Contacts

CEO: John Sinclair

Advisers

Comment

Sub-sea construction company Subocean Group has received £42 million in one of Scotland's biggest private equity deals this year.

LDC, the private equity arm of Lloyds Bank, invested £17 million of equity in the funding round, which Subocean will use to increase its turnover from £70 million to a planned £300 million by 2014. A further £25 million was provided by HSBC Bank.

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