
EV backs MBO of HSEC
Venture capital firm EV has backed the £2.7m management buyout of Health Safety and Engineering Consultants (HSEC), based in Ashby-de-la-Zouch.
Debt facilities were provided by The Co-operative Bank and include funding to support future growth.
The MBO was led by director of consultancy services Dom Barraclough, who becomes managing director. Peter Brown has been appointed financial director and John Crabtree and Patrick Kelly non-executive directors.
EV provides venture and growth capital of up to £2m for SMEs in the UK. The firm manages in excess of £130m.
Company
Founded in 1991 and based in Ashby-de-la-Zouch, HSEC provides health and safety risk management advice to clients across the UK. The company also provides law and insurance firms with forensic investigation and expert witness services for personal injury, commercial liability and health & safety regulatory cases under a different brand, RHMA. HSEC employs 22 members of staff.
People
Simon Ward led the deal for EV alongside Paul Betts.
Advisers
Management – Haines Watts Chartered Accountants, Ryan Wilkinson (Corporate finance).
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