NVM Private Equity has backed the management buy-out (MBO) of Coventry-based telecoms network provider Optilan. The firm has invested more than £5 million in the MBO, which is led by Optilan’s CEO and co-founder Richard Buckland.
Optilan designs, installs and maintains telecoms systems for the oil and gas, transport, power and utilities industries. These are sectors with long lead-time for investments and where markets remain relatively strong. A good combination.
The company has 200 employees, the majority of whom are engineering and technical staff, and satellite offices in Moscow and Qatar.
In addition, news that NVM has exited Technology for Business, a Hampshire-based provider of IT systems for law firms.
City Chap 