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Aberdeen Asset Managers Private Equity exits Plaxton16/05/2007. Source: AltAssets. 
 Aberdeen Asset Managers Private Equity has sold luxury coach and bus manufacturer Plaxton Holdings to Alexander Dennis for an undisclosed amount. The sale represents a full exit for Aberdeen's investors and generates a return of in excess of 2.6 times the cost of the original investment, according to a statement.
Aberdeen originally acquired Plaxton in May 2004 via a management buy-out from Mayflower Corporation. In 2006 the business re-entered the bus market with the launch of two new models. In July of the same year Aberdeen led a successful recapitalisation of the business.
Aberdeen Asset Managers Private Equity is a division of Aberdeen Asset Managers. The division has total funds under management of £257.2m, comprising limited partnerships, an investment trust, venture capital trusts and several segregated portfolios. The business operates from seven UK based offices in Aberdeen, Birmingham, Glasgow, Inverness, Leeds, London and Manchester.
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