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Supplier of distributed network management solutions
£5.6m management buy-out
NVM Private Equity Limited (NVM) has invested £5.6 million in the management buyout of Axial Systems Limited. The deal was introduced to NVM by Duncan Lamb at Grant Thornton. Axial has emerged as the market leading supplier of networking solutions across a range of sectors including financial services, telecommunications and the public sector. Established nearly twenty years ago and based in Maidenhead with a sales office in Runcorn, Axial offers the latest available technologies to optimise their customer’s network performance, analysis and security. Axial operates as a ‘value added reseller’ on behalf of leading brands (including McAfee and Juniper). The company’s reputation for technical excellence combined with their customer focused approach has underpinned the company’s rapid growth over the past 3 years.
The business is well positioned to take advantage of their strong market position in the high growth markets of network security and performance optimisation as customers look to invest in developing new network capabilities or secure and maximise the efficiencies of their existing network infrastructure.
NVM has backed the buy-out team, led by Ash Hussain and supported closely by Graham Linney (Finance Director). Paul Spencer, the founder of the business, will be staying with the company as a non-executive director. NVM has introduced Peter Lloyd as non-executive chairman. Peter has operated in this sector over the past 16 years leading the successful management buy-out of Ascent Technology Limited.
Richard Gibson, Peter Hodson and Mauro Biagioni led the transaction for NVM.