August Equity, a UK private equity firm, has sold Securistyle, a window fixtures manufacturer, to Bank of Scotland Integrated Finance for £42.3 million (€63.1 million; $82.8 million).
Securistyle manufactures hinges, locking mechanisms and handles for windows, doors and conservatories. August Equity refinanced the business in February 2006.
August Equity, which was formerly Kleinwort Capital, invests in UK-based companies valued between £10 million and £100 million in the media, technology, healthcare and specialist manufacturing sectors.
August Equity has £250 million under management from pension funds, insurance companies, local authorities, private banks and clients worldwide. It has a portfolio of private company investments including Hat Trick Productions, an entertainment production company; RedSky IT, an information technology business, and Rixonway Kitchens, a kitchen manufacturer.