HIG sees window of opportunity in Synseal deal

Founded in 1980, Synseal operates in the construction industry, supplying over 700 independent window and door fabricators and installers across the UK. Employing more than 500 people from its base near Nottingham, the business reported sales of £76m (€102.8m) in 2009.

The company claims that one in every four conservatories installed in the UK has a Synseal roof.

Paul Canning, managing director at HIG Europe, said, “We believe that with the resources we bring, coupled with this team, Synseal is well placed to drive consolidation in the market and to harness its position as a leading supplier in the UK.”

HIG Capital in the US took Allion Healthcare Inc private for $278m (€314.3m), including the assumption $79m (€106.9m) in debt, with the deal closing last month.

Copyright © 2010 AltAssets