NVM Private Equity supports the management buy-out of Thyson Technology .
4 January 2017
NVM has completed a significant investment to support the management buy-out of Cheshire based Thyson Technology (“Thyson” or the “Business”) from a private investor group. Thyson is a specialist analytical and instrumentation business, which designs and constructs engineering solutions used in the analysis and sampling of gases and liquids for process industries engaged in activities such as fossil fuel extraction, processing and distribution, green energy production, water treatment, petrochemicals and nuclear.
Positioning itself as “the measurement solutions provider” Thyson has designed, built and commissioned analyser systems for a large number of blue chip companies across a variety of sectors with facilities around the globe. Current customers include the National Grid, BP, Air Liquide, ExxonMobil and Qila Energy.
The Business, which enjoys an excellent reputation for its technical expertise is led by Mike Braddock who joined the Business in 2014. Since joining, Braddock has built an experienced management team around him, with Matt Allen as Financial Director, Glen Lancaster as Sales Director, Karl Daniel as Engineering Director and Nick Maguire as Commercial Director
Following NVM’s investment, Thyson is extremely well positioned to continue its growth and development as a total solution provider, applying its full suite of services into existing and new markets both in the UK and overseas.
Debt finance for the transaction was provided by Allied Irish Bank (GB)’s Manchester office (Mike Rogers and Stuart Lake).
Mike Braddock, Thyson MD comments: “Our new partnership with NVM signals the start of what will be a successful long term relationship and NVM’s support will be instrumental in driving our future growth as we look to further develop our services and customer base. We are delighted to welcome NVM’s Andy Leach to the board and look forward to working alongside our new partners as we build on the successful track record established by Thyson”
Andy Leach, Investment Partner of NVM comments “Backing Thyson is another indication of NVM’s appetite to invest within the regions to support ambitious UK management teams. Thyson is a high-quality business with a market leading reputation in the provision of innovative specialist engineering solutions. For NVM, the Business has identified clear opportunities to achieve future growth and its first-class management team has the ambition and commitment to deliver on this.We look forward to supporting Mike and his team as they seek to continue its growth and widen Thyson’s services both in the UK and overseas”
Principals and key advisors to the transaction
NVM were provided with:
- Legal advice Shoosmiths (Kieran Toal)
- Corporate Finance Advisory Clearwater (Paul Jones, Oliver Wheatley)
- IT due diligence Intuitus (Phil Reynolds)
- Commercial due diligence PMSI (David Crout, Piers Copham)
- Management due diligence Quinn Partnership (Paul Quinn, Mike Stiles)
- Financial due diligence Dow Schofield Watts(Catriona Lang)
Management were advised by Hill Dickinson (Craig Scott) and Mazars (Graham Odlin), AIB by Kuits (Jan Winstanley) and the Vendors by DWF (Jonathan Robinson).
NOTES TO EDITORS
For further information please contact:
- Natalie Dickinson (NVM: PR & Marketing) – 0118 951 7021 email@example.com
- Liam May (NVM: Investment Manager) – 0161 935 8081 firstname.lastname@example.org
- Andy Leach (NVM: Investment Partner) – 0161 935 8419 email@example.com
Download photos of: Thyson and general images – http://www.nvm.co.uk/PRphotos
NVM Private Equity is independently owned with over 30 years’ experience of investing in unquoted UK businesses. NVM is a generalist investor, managing over £270 million of funds, and is differentiated by having executives living and working in regional business communities throughout the UK. NVM seeks investment opportunities of between £2 million and £12 million in UK businesses which have the right mix of flair, growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. www.nvm.co.uk
Thyson Technology Established in 1994, Thyson Technology is a leading provider of complex analyser systems, project management, contracting and manpower services for process industries. It is an experienced, independent company with a network of global partnerships. https://www.thyson.com