Summary
LONDON-based alternatives and financing specialist Ironshield Capital Management has sold most of its 54.8% stake in international architectural agency Archias. It brought its holding to 18.30% or 43.53 million worth about Pounds 4.78 million. Ironshield held the shares in its Special Situations fund. The company was founded by former Bank of America UK head David Nazar in 2007 with an investment mandate of European distressed debt and equity special situations.
Archias, known until late 2008 as SMC, is the fourth-largest architectural business in the UK.See the full content of this document
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Trader Talk [Edition 2]
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