The firms will buy a controlling stake in the business from around 60 shareholders. Financial terms of the deal were not disclosed.
FF&P Investor 3 received commitments form 56 private investors and a single institutional investor, and includes funds provided by Fleming Family & partners and its clients.
The vehicle is to make development capital and small buy-out investments in growth companies, with individual equity investments ranging between £3m (€3.3m) and £10m (€11.2m).
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