Castle Harlan completes sale of Polypipe, making 4.5 times return

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New York private equity firm Castle Harlan has completed the sale of its interest in Polypipe Group, a UK supplier of plastic pipe systems in the United Kingdom and Ireland. Bank of Scotland Corporate, part of UK banking group HBOS, provided an integrated debt and equity package to support the incumbent management team in a secondary buy-out.

New York private equity firm Castle Harlan has completed the sale of its interest in Polypipe Group, a UK supplier of plastic pipe systems in the United Kingdom and Ireland. Bank of Scotland Corporate, part of UK banking group HBOS, provided an integrated debt and equity package to support the incumbent management team in a secondary buy-out.