NVM generates 2x on Promatic sale
NVM Private Equity has sold Promatic Group to the companyтs senior management and trade buyer CCI International.
CCI International is a manufacturer and supplier of clay pigeon targets.
Previous investment
NVM invested £3.35m into Promatic's management buyout in September 2007. The investment was supported by debt financing provided by Yorkshire Bank, bringing total funding for the company up to £7.5m.
Company
Cheshire-based Promatic designs and produces automatic clay machines and associated shooting equipment for shooting clubs. The company was founded in 1985.
People
Brian Jardine is CEO of Promatic. Karl Cockwill is portfolio manager at NVM.
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