Barclays Private Equity (Tragus Limited)

On 15 December 2006, Legal & General Ventures announced the sale of Tragus Limited to Blackstone Group Limited for £267mlion following an auction process for the business.

Blackstone is backing the existing Tragus management team, led by CEO Graham Turner, who will be significant investors in the company alongside Blackstone. As part of the transaction, Tragus has also secured capex facilities of £40m to fund future growth and acquisition opportunities and a working capital facility of £15m.

Canaccord Genuity were financial advisor to the Tragus management team.