NVM Private Equity (NVM) has successfully sold one of its long-standing investments, Interlube Systems, to a subsidiary of US based The Timken Company (Timken). The sale represents a money multiple of 3.0x on NVM’s original investment. Interlube is based in Plymouth, UK, and manufactures and markets automated lubrication products for use in commercial vehicles, cranes,
Income – over 9% target tax-free dividend yield Paying consistent annual tax-free dividends The manager: NVM Private Equity has over 28 years’ experience Mature and diverse portfolio of private equity investments Award winning Venture Capital Trusts (‘VCTs’) 30% income tax relief available on subscriptions Investors have the option to invest in either or both funds
Andy has 26 years of private equity experience, with the last 20 being focused on the North West of England. He was previously CEO of North West Business Finance, which was an entity established to oversee The North West Fund, a £185 million fund created to support small-to-medium sized businesses across the North West region.
Income – over 9% target tax-free dividend yield Paying consistent annual tax-free dividends The manager: NVM Private Equity has over 28 years’ experience Mature and diverse portfolio of private equity investments Award winning Venture Capital Trusts (‘VCTs’) 30% income tax relief available on subscriptions Investors have the option to invest in either or both funds
NVM Private Equity (NVM) has invested £7 million in the management buy-out of Intuitive Limited, a provider of software and related services to the travel industry, from Lowcosttravel Group. Under independent ownership the management team will build on their market leading product to capitalise on the global trend towards more dynamic and flexible travel booking
NVM Private Equity (NVM) has invested £3.5 million in Haystack Dryers, a designer and manufacturer of purpose built people dryers for theme parks, water parks, swimming pools and spas worldwide. Part of the funding has been invested as development capital to take advantage of the rapid growth of theme parks in the Far East and
NVM Private Equity (NVM) backed CGI International (CGI), one of Europe’s leading independent manufacturers of fire resistant glazing, has acquired Interver SA, the French-based manufacturer of fire glass products for an undisclosed sum. David Jolliffe, Managing Director of CGI International: “This is our first major investment in European manufacturing operations and represents a key milestone
NVM Private Equity (NVM) announces the appointment of Charlie Pidgeon to its investment team. He will be working alongside the NVM Directors to help generate new investment opportunities and manage NVM’s existing portfolio across the UK. Charlie joins NVM from PwC’s corporate finance practice where he was responsible for advising on M & A transactions
NVM Private Equity (NVM) and the Business Growth Fund (BGF) have announced their commitment of £10m of growth capital in acquisitive Northern pub chain, Wear Inns. NVM will invest a further £2m in the business, which it has backed since start-up, and BGF will invest £8m. BGF will take a minority stake in the business
Kerridge Commercial Systems (KCS), specialising in business management solutions to the distributive industry, has acquired Northern based Datawright — a provider of Material Requirements Planning (MRP) solutions specifically designed for the manufacturing sector. This is KCS’ second acquisition since completing the original management buy-out with financing from NVM Private Equity (NVM) back in 2010. KCS
NVM Private Equity (NVM) has completed the £7.5m management buy-out of Silverwing Group funded through a combination of equity and bank debt from RBS. NVM invested a total of £6m. The company develops and manufactures a wide range of Non Destructive Testing (NDT) solutions which inspect storage tanks, vessels and pipework for corrosion and wall
Wear Inns, a company focused on acquiring and managing a chain of community pubs across the North of England, has purchased 9 pubs from TCG Bars. This will bring Wear Inns’ managed pub estate to a total of 24 premises, with plans to acquire more in the near future. This acquisition comes two months after
NVM Private Equity (NVM) announces that it has partially sold CloserStill Holdings, a business-to-business exhibition and events organiser, to Phoenix Private Equity for c£25 million. The sale has generated excellent returns of 3.2x money multiple and an Internal Rate of Return (IRR) of 38% on NVM’s original investment of £4 million. NVM retains 10% equity
NVM Private Equity (NVM) announces the appointment of David Rolfe as Investment Partner for the South of England. He will be responsible for generating investment opportunities and managing NVM’s existing portfolio across the region. David joins NVM from his role as PwC Director in Corporate Finance responsible for leading deal activity in the South East.
NVM Private Equity (NVM) and the Business Growth Fund (BGF) have announced their commitment of £10m of growth capital in acquisitive Northern pub chain, Wear Inns. NVM will invest a further £2m in the business, which it has backed since start-up, and BGF will invest £8m. BGF will take a minority stake in the business
NVM Private Equity (NVM) has invested £6 million to support the management buy-out of Volumatic Limited from Halma plc. Volumatic is the UK’s leading provider of intelligent cash handling products to the UK and international markets. Volumatic was established in 1972 to pioneer retail security products. 40 years on and the Coventry based business is
