NVM supports £3.5m CBio merger

Following the deal, the combined entity aims to be the market leader in biological solutions for commercial cleaning and food, oil and grease management. The enlerged group will employ 27 people.

Previous funding
NVM initially invested £3m to support CBio's £4.4m MBO in June 2013.

Company
Cardiff-based BP was established in 2008 and focuses on the development of biotechnology services for the food and drink, water treatment, agricultural and cleaning services markets. The company creates its products using microbial, enzyme, plant extract, organic acid and biocide technology – all of which are supplied from its own facility in Caerphilly, Wales.

The company employs 10 people.

Based in Stockton-on-Tees, CBio initially provided nitrifying bacteria to water treatment plants when it was first established in 1992. Today, the company develops fermented bacteria for use in a range of biological products, which naturally erode organic pollutants including grease, fat, oil, diesel, uric acid and limescale. CBio targets food, oil and grease management and typical customers include supermarkets, restaurants, hotels, pubs and local authorities.

People
James Patterson is managing director of BP. Ben Hoskyns is managing director of CBio. Mauro Biagioni is partner of NVM.

Advisers
Equity – Aon, John Donald (Insurance); BDO, Graham Elsworth, David Billington (Financial due diligence, tax); Bond Dickinson, Jamie Pass (Legal); Continuum, Steve Wycherley (Management due diligence); Springboard Corporate Finance, David Neate (Corporate finance); Fairgrove Partners, Paddy Woods Ballard (Commercial due diligence); Square One Law, Mark Lazenby (Legal).
Company – Berry Smith, Andrew Bond (Legal)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• NVM Private Equity