NVM finances CGI International bolt-on
CGI International, a manufacturer of fire resistant glazing backed by NVM Private Equity, has acquired France-based Interver.
NVM provided additional funding for this latest acquisition. It typically looks to invest £2-10m per transaction.
The GP supported the original £10m MBO of CGI alongside Dunedin back in 1998. The business has since then been recapitalised twice.
CGI will now operate the business as CGI France SA, a wholly-owned subsidiary and separate trading entity within the CGI group.
Company
Founded in 1985, CGI manufactures fire resistant glass and advises clients on fire glazing solutions. It trades under the Pyroguard brand. Headquartered near Liverpool, UK, the company also operates in France, Holland and Scandinavia.
France-based Interver also manufactures fire glass products.
People
Clive Austin represented NVM on the deal. Christophe Guillot is chairman of CGI.
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