NVM acquires Secure Retail

The firm drew equity from its NVM Private Equity Vintage III fund, which closed on £142m in November 2018. The fund makes investments of £5-15m in the UK small-cap and mid-markets.

The management has reinvested in the newco.

Investment partner Andy Leach and investment partner Liam May of NVM will join the company's board at completion of the deal.

The company posted revenues of £13.7m.

Company
Founded in 2003, Secure Retail offers a range of hardware, managed services and software products to retail, hospitality and infrastructure clients. The company is based in Coalville and employs around 40 people, according to LinkedIn.

People
NVM Private Equity – James Arrowsmith, Andy Leach (investment partners); Liam May (investment director).
Secure Retail – David Russell (managing director).

Advisers
Equity – DWF, Alasdair Outhwaite, Rosie Spencer (legal); Dow Scofield Watts (financial due diligence); CIL (commercial due diligence); Deloitte (tax); Continuum (management due diligence).
Company – KBS Corporate (corporate finance); Shakespeare Martineau (legal).

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• Topics
• Buyouts
• UK / Ireland
• Industrials
• NVM Private Equity
• United Kingdom