RSS

3i sells Lanner stake

Article Date:  Mar 15 2010

Private equity firm 3i has disposed of its stake in West Midlands-based software company Lanner Group.

NVM Private Equity is acquiring a minority stake in the business in a deal that values Lanner at £3 million.

3i backed the original management buy-out (MBO) of Lanner, formerly the simulation software division of telecoms company AT&T, in 1996.

The company develops software that enables big companies to simulate business processes, with end users including Ford, GSK and British Nuclear Group. It has 35 full-time staff in the UK, USA and France. 

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments 

There are currently no comments on this article

Sign up and get... /

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • Cash Shells Directory 2010

    A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.
More

Events Calendar

Rosenblatt New Energy Awards 2011 - Nominations Now Open

24th February, Natural History Museum, Cromwell Road, London SW7 5BD

Investor AllStars 2010

23rd September, London Hilton, Park Lane

More

More News: Small-Cap Spotlight

PetroLatina scoops £7.4m 

Colombia-focused PetroLatina Energy has raised $11.5 million (£7.4 million) from two key shareholders to fund exploration.  

Dana Petroleum hails Egyptian discovery

Oil and gas producer Dana Petroleum says it has discovered a new oil field at North Zeit Bay in the Gulf of Suez.

Peel Hunt £74m buy-out clinched

Belgian finance group KBC has agreed a $115.6 million (£74 million) management buyout for its UK broking arm Peel Hunt.

Advertisement

Related articles

IDOX to buy CEMS

IDOX is to acquire Computershare Electoral Management Services for £4.4 million.

Riverside acquires Tropikal

Private equity firm Riverside has acquired the Turkish pet food company Tropikal.

SkillSoft acquired by SSI

SkillSoft has been acquired by SSI Investments III for around £800 million.

Newslink bought by Headland Media



International media company Headland Media has acquired Maritime news publication Newslink Services.



Poll

Will the Emergency Budget be good for your business?



Have your vote on current issues

People who read this also read

  • The UK's hottest VC prospects

    From the founder of Glasses Direct to the CEO of microlending company Wonga, GB talks to the leaders of five of the UK's hottest VC-backed companies about how they raised the cash and what they're doing with it.

White Papers

"The Green University" Blossoms with HP Planet Partners, HP PurchasEdge

Learn how an environmentally committed university system reaps environmental, cost benefits with HP Planet Partners, HP PurchasEdge.

'Close More Deals with Less Effort' - EchoSign Webinar: July 21, 11am PT (1pm CT / 2pm ET)

See how E-signatures can be your secret weapon in closing your deals faster and improving your sales performance.

1Z0-040 Oracle Database 10G New Features for Administrators Practice Exam

Oracle 9i administrators can certify on Oracle 10G by passing this exam. The ExamForce 1Z0-040 Oracle Database 10G New Features for Administrators practice exam provides their unique triple testing mode to instantly set a baseline of your knowledge and focus your study where you need it most.

More