Northern Venture Managers and Bank of Scotland have backed the £16.4m (€23.6m) management buy-out of the social house building and training divisions of the John Laing Partnership (JLP). Established in the mid-1980s, JLP builds affordable housing and focuses on urban regeneration in London and the south-east of England. The divisions have a combined turnover of £50m. Northern Venture Managers invested £2.5m in equity and Bank of Scotland provided a £32m funding package of senior debt and performance bonding.

ParAllele's $22m funding