NVM backs Acal MBO with £6.4m

The business will become independent from listed parent technology company Acal. This is the company's latest step in disposing of its non-core, services-oriented divisions to better focus on being an electronics supplier to the industrial and medical sectors.

NVM believes AES will be able to profit from the forecast growth in demand for server, storage and networking requirements coming from businesses. The company will look to expand its range of products and services, as well as widen its customer base across Europe.

The private equity house invested a similar amount in another MBO recently, backing the management team of airport hospitality firm No.1 Traveller with a £7m investment.

Company
With roots dating back to 1990, AES provides outsourced inventory management solutions to IT maintenance companies and original equipment manufacturers operating in the enterprise server, storage and networking markets.

AES posted a £6.1m turnover and a £1.2m profit before tax in the year ending in March 2013.

People
Peter Hodson represented NVM on the deal. Shaun Lynn is the managing director of AES.

Advisers
Equity – HMT, Ian Barton, Adrian Howells (Corporate finance); Baker Tilly, Paul Johnson, Kerry Lane, Adam Foster, Suki Kaur, Jacky Kinsey (Financial due diligence); Continuum, Steve Wycherley (Management due diligence); Armstrong, Tom Raymond, Edward Hikmet, Ian Pawson (Commercial due diligence); Aon, John Donald (Insurance due diligence); Wragge Lawrence Graham & Co, Ian Piggin, Gareth Baker, Victoria Hirst, Graham Spalding, Michael Murphy (Legal).

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