NVM in £10m MBO for Trust Systems

Company founders Tom Stone and Mike Dowson will remain significant shareholders in the business.

As part of the deal, NVM has appointed Ben Marnham as chairman of the board. The investment was led by NVM investment partner David Rolfe with support from fellow investment partner James Arrowsmith, who will both join the board.

The deal is the eighth from NVM's Private Equity Vintage III fund and follows the announcement earlier this week of an £18m MBO of Pareto Facilities Management.

NVM said in a statement that revenues in the business grew strongly over the last few years, with the company seeing a growth of 100% to the end of December 2020.

Company
Founded in 2007 and based in Cirencester, Trust Systems is a provider of digital consultancy, managed services and technology. It counts Aldi, Arcadia Group, HMV, Mewburn Ellis among its customers. It employs fewer than 50 staff, according to its LinkedIn page.

People
NVM Private Equity – David Rolfe (investment partner).
Trust Systems – Mike Dowson, Tom Stone (directors).

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