Three more for Infinity

27/02/08 12:14

Private equity group Infinity Asset Management has celebrated its first birthday by racking up no less than three more investments in growing businesses.

The Manchester-based private equity house, launched in February 2007 with an initial fund of £20m, has just announced that it is backing the UK businesses Shieldtone, Vitaline and Pressure Tubes.

The exact amounts invested have not been disclosed, but Infinity has disclosed the proportion of equity exchanged:

Sheffield-based Shieldtone, a producer of heavy duty mortar tubs used in the construction industry which it subsequently recycles, has sold 25% of its shares;

Vitaline, a slimming company located in Greater Manchester-based, exchanged 75% of its equity for investment;

Whereas Yorkshire-based engineering firm Pressure Tubes, which manufactures hydraulic machinery, swapped 22% for funding:

The three deals come just weeks after Infinity secured a £27m first deal by investing in new North West invoice discounting and factoring company, Positive Cash Flow Finance.

Daniel Finestein, managing partner at Infinity, commented: “Infinity is looking to invest in predominantly UK-based companies that indicate strong growth potential.

“Each of these three companies not only demonstrates excellent growth prospects, but also offers a unique service that we firmly believe will differentiate them from their competitors.

“The nature of these deals further demonstrates Infinity’s flexibility and expertise in moving quickly on transactions, with completion taking place very quickly following the first meeting.”