Private equity firm takes majority share in IntelliFlo

Managing director and IntelliFlo co-founder Jamie Coats will step down from the senior management team following the deal, in order to pursue other interests. Co-founders Akeel Ahmed and Nick Eatock will remain in their current roles of IT director and chief executive officer respectively. IntelliFlo says the senior management team will retain a "significant interest" in the business. IntelliFlo chief executive officer Nick Eatock said: "I am delighted to be partnering with HgCapital for the next stage of development of IntelliFlo. "With the support of an expert investor, we int...