Dealmakers at Barclays Private Equity provoked groans rather than plaudits with the announcement of their most recent investment, a company that maintains furnaces.
Simon Henderson, a partner, just couldn't resist saying: "We think we are in a heatwave â Fosbel engineers operate with pin-point precision fixing refractory linings day in and day out at 1,500 degrees plus! The combination of a world-leading business and the renewed energy of a management buy-out should raise the temperature even higher!"
