NVM backs MBO of Volumatic

Amy King
03 April 2012

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NVM Private Equity has injected ТЃ6m to back the MBO of Coventry-based cash handling firm Volumatic Limited from hazard detection company Halma plc.

The investment will underpin the organic growth of the company through product development and international expansion.

Company
Founded in 1972 and based in Coventry, Volumatic designs, manufactures and services cash handling products and solutions to customers including UK retailers, supermarket chains, leisure operators and banks such as Tesco, RBS and Chelsea FC. The firm's products enable clients to count cash, detect forged notes and store money securely. Volumatic's products are used internationally.

People
James Arrowsmith is director of NVM. Colin Amos is managing director of Volumatic.

Advisers
Equity - Wragge & Co LLP, Ian Piggin, Gareth Baker, Fayaz Patel, Graham Spalding (Legal); BTG Corporate Finance, Iain Lownes, Steve McMullan (Corporate finance); BDO, Graham Elsworth, David Billington (Financial due diligence); Armstrong TS, Tom Raymond (Commercial due diligence).
Vendor - Duff & Phelps Securities, Paul Teuten, Colin Weston (Corporate finance); CMS Cameron McKenna, David Day, Stuart Hohnen (Legal).
Management - DLA Piper, Mark Beardmore (Legal).