August Equity sells windows business for £42.3m(2)

August Equity has sold a windows manufacturer in its third exit of the year.

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:window hardware

August Equity invested £11.3 million to finance the management buy-out of Securistyle from Dublin-based venture capital firm Allen McGuire in November 2003. 
 
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.