Private equity house NVM backs £24m Easby Group management buyout
NVM Private Equity has backed the management buyout of specialist electronics business Easby Group in a deal worth £24m.
Easby Group, which has warehouses in Thatcham and other bases around the UK, is composed of Easby Electronics Limited and Delta Impact Limited and is a UK Franchised distributor and stockist of electronic components and a service provider in the electronics supply chain.
The management buyout, which sees four of the Easby Group’s senior executives, Nigel Copely, Gregor Ross, Phil Clarke and Eamon Francis become shareholders, is NVM’s tenth deal from its Vintage III LP Fund, and follows a £15m investment into Edit announced in November 2021.
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Upon completion of the investment Jonathan Simpson-Dent will be joining the Easby Group Board as Chair.
A veteran leader of private equity-backed businesses, he currently chairs Carousel Danx Logistics, sits on the board of Edinburgh Worldwide Investment Trust plc and is a Fellow of the Institute of Chartered Accountants.
Nigel Copely, CEO at Easby Groups aid; “This is a major milestone in our journey, one that will bring additional strengths to both Easby Electronics and Delta Impact. Our growth has come from our determination to deliver a strong, technology led portfolio of franchises and services along with strong service solutions while focusing on core markets and verticals that we can bring to our established and ever-growing customer base. This deal reflects our successful engagement with both our customers and suppliers and the faultless support, drive and focus of all our Easby Group colleagues.”
The Easby Group has worked with Original Equipment Makers (OEMs) for more than 40 years and is working n rapid growth sectors such as EV charging solutions, EV related products, smart energy, IoT, building management solutions and 5G, resulting in significant double digit growth over the last three years.
The investment was led for NVM by Mauro Biagioni, Investment Partner and Oliver Wildig, Investment Manager.
He said: "Easby is a fantastic regional business operating in a sizeable market estimated to be worth just under £2billion.
"We are hugely confident that Nigel and the team will be able to grow their market share as a result of today’s investment. The quality of relationships that the team has held with customers spans several decades and now with the right investment behind them we look forward to accelerating this growth.”
