On 2nd February the company completed the transition to a new private equity partner, NVM to support the next period of growth. This follows on from the very successful management buyout, backed by LDC in 2012.
NVM have been established since 1984 and have helped a number of businesses develop over the intervening years. They are a long-established investor focused on the UK regions, primarily targeting growth investment in businesses that are led by high quality incumbent management teams.
The NVM personnel own their business and they personally invest alongside the investment funds they manage into their investee companies. That means they have a personal stake in the success of the businesses and teams like ours in which they invest. The NVM team have worked together for a long time and have built up a great experience in working alongside and complementing the businesses and teams they back.
This is not the first time that NVM has demonstrated their interest in working with Dale as they were looking to invest in the company back in 2012 but just lost out to LDC. This time they were determined to be involved and participate in our future success.
The deal was led for NVM by Investment Partners James Arrowsmith and Mauro Biagioni and James will join the board as a Non-Executive Director with immediate effect. Through the process we have already built up a great working relationship with James and Mauro and we are looking forward to working with them to optimise the significant future opportunities we all recognise.
Banking will remain with RBS who will continue to support the business as they have done very successfully for the last 5 years.
We would also like to take this opportunity to thank LDC, and particularly John Green, for their support over the last 5 years and the help they have given the company in some major restructuring, significant operational change and the realisation of many business opportunities.
Denzil Lee & Tim Wilkins
6 February 2018