Victoria gets £150m Koch investment after shareholder approval
Updated : 12:16
Flooring designer, manufacturer and distributor Victoria announced on Monday that it has received the £150m investment from Koch Equity Development.
The AIM-traded firm said the investment followed shareholder approval of the preferred equity investment at a general meeting on 13 January.
It confirmed it had received £150m before fees and expenses from Koch Equity Development.
“Alongside the group's existing financial resources, this capital will be carefully deployed to support Victoria's acquisition-led growth whilst maintaining the board's long-expressed leverage policy.”
At 1128 GMT, shares in Victoria were down 1.67% at 1,180p.