NVM sells Lanner in trade sale to Royal HaskoningDHV

Financial details of the transaction remain undisclosed. However, Lanner generated an operating profit of £495,000 from revenues of £3.6m in 2017, according to publicly available documents. This compares favourably with the year prior to the GP's initial investment, when operating profit was £330,000 from revenues of £3.4m.

The group's headcount remained relatively consistent during NVM's tenure, growing only modestly from 34 to 37 between 2009-2017.

Lanner secured various partnership agreements throughout the GP's holding period, most recently agreeing a deal with Equity Lifting Solutions to support its activities in the Asian gas industry and with South Africa-headquartered ValueMetrics to support its supply chain consultancy activities.

Previous funding
The group first received private equity backing in 1996, when 3i supported its £6m carve-out from AT&T.

NVM then backed the £3m secondary buyout of Lanner from 3i in 2010. The GP acquired £600,000 in equity shares and provided £2.4m in loan stock. By December 2017, the company had repaid £1.4m of its debt package, while NVM was also owed £1m in non-equity shares and accumulated interest, according to the aforementioned documents.

Company
Founded in 1996 as a carve-out of AT&T's simulation software division, Lanner is headquartered in Henley-in-Arden, Warwickshire. The business develops simulation software for industrial clients, which is intended to predict outcomes of planned operational, manufacturing and supply-chain-related strategies in order to increase resilience and efficiency. It also offers consultancy services.

People
NVM Private Equity – James Arrowsmith (investment partner).
Lanner Group – David Jones (CEO).

Advisers
Equity – Pinsent Masons, Andrew Hornigold, Rhian Critchell (legal).

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• Topics
• Exits
• UK / Ireland
• Technology
• United Kingdom
• NVM Private Equity
• Trade sale
• Pinsent Masons